Property News
Latest news, advice, and insights for UK property professionals
Street Group Reaches £200m Valuation After New Investment
PropTech firm Street Group is now valued at over £200m following a new fundraise and investment from Hg, according to Letting Agent Today.
Joining Redress and Deposit Schemes May Become Tougher for Agents
Letting Agent Today reports concerns that some poor quality firms have joined compulsory redress and deposit schemes, which may lead to tougher entry requirements.
Zoopla: Annual House Price Growth Now Rare Across UK
Zoopla reports that fewer than one in seven UK homes have seen annual price growth in each of the past five years, signalling a shift in the property market.
PRS Ombudsman Can Assess Repeat Poor Conduct, Says Government
The government states the PRS Ombudsman will not punish landlords, but can consider evidence of repeated poor conduct, according to a parliamentary answer.
Slough Council Proposes Licensing for 17,000 Private Rental Homes
Slough Borough Council is consulting on new landlord licensing schemes that could affect nearly 17,000 privately let homes across the borough.
£7,000 Hazard Penalty Relies on Records as Well as Property Condition
The new £7,000 penalty for Category 1 hazards will be determined by both property inspections and the quality of landlords' and agents' records, according to Property118.
Fine & Country Launches New Franchise in Stockport and Saddleworth
Fine & Country has appointed James Diggins to lead a new franchise in Stockport and Saddleworth, expanding its network in Greater Manchester.
Millions of Homes in London, Essex and Kent Face Subsidence Risk
Millions of homes in London, Essex and Kent are at risk of climate-related subsidence, with analysis highlighting increased vulnerability due to hotter, drier weather.
RICS Survey: Buyer Demand Weak, Rental Pressures Intensify in UK Market
The latest RICS Residential Market Survey shows weak buyer demand and rising rental pressures, with transaction times at a record high and ongoing supply shortages for UK letting agents.
Landlords Raise Concerns Over Compliance Charges Linked to Renters’ Rights Act
Landlords are reporting increased administration fees from letting agents for compliance work under the Renters’ Rights Act, with some charges ranging from £200 to over £400.
UK Property Company Insolvencies Hit Highest Level in a Decade
Over 760 UK property companies have become insolvent so far this year, the highest rate in a decade, according to official filings analysed by City AM.
Estate Agents Reassess Portal Dependency Amid Rising Costs
UK estate agents are reconsidering their reliance on property portals like Rightmove and Zoopla due to rising subscription fees and increased competition.