Estate agent salaries rise 8% as industry jobs decline
Estate agent salaries increased by 8% in 2024-25, bringing the average salary to £27,000, according to an analysis of Office for National Statistics data. However, the property industry saw a…
Bristol launches consultation on landlord penalty framework
Bristol City Council has opened a public consultation on its proposed financial penalty framework for landlords who breach housing regulations, ahead of new enforcement powers under the Renters’ Rights Act…
£8.2m development finance secured in three-week deal
Finance broker Arc & Co. has arranged an £8.22 million development facility for the construction of five residential properties in Oxfordshire, completing the transaction within three weeks of credit approval.…
Digital lender provides £36m for 222 homes across south
Digital finance platform Brickflow has arranged £36 million in development finance for regional housebuilder Purple Pepper Homes, supporting three residential schemes in Haywards Heath, Hastings, and Southampton that will deliver…
Pallas Capital closes £1.3m bridging loan in Oxshott
Pallas Capital has completed a £1,275,000 bridging facility for a residential development in Oxshott, Surrey, representing one of the lender’s first UK transactions since its January launch. The 12-month loan,…
Zoopla acquires new homes portal Newhomesforsale.co.uk
Zoopla has acquired Newhomesforsale.co.uk, a UK property portal specialising in new-build homes, in a transaction aimed at expanding its presence in the new homes market. The acquired platform will continue…
Rightmove integrates property search into ChatGPT
Rightmove has submitted an application to launch a property search tool within ChatGPT, the portal announced, marking its latest move into artificial intelligence-powered search functionality. The integration will allow users…
LMS launches data-sharing platform for property transactions
Technology company LMS has launched a data-sharing platform designed to allow estate agents to compile property information earlier in the sales process, with the aim of reducing administrative follow-up and…
Mortgage referral process criticised by former broker
A former mortgage broker has criticised estate agents for their approach to mortgage referrals, claiming inadequate handovers between agents and brokers are reducing conversion rates and potentially costing agents commission.…
Over half of UK property agents still use manual ID checks
More than half of identity verification checks in the UK property sector are still conducted manually, leaving agencies exposed to sophisticated fraud techniques, according to new research. A survey of…