Companies House filings have confirmed that Purplebricks founder Michael Bruce has acquired a significant stake in the online estate agency. Bruce now owns between 25% and 50% of the company's equity following his return as director in June. The post Purplebricks founder takes significant stake in firm appeared first on...
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Nearly two-thirds of home sellers in England and Wales are listing their properties above market value, according to new research. The analysis of 3,725 transactions found that 65.6% of sellers had set asking prices higher than valuations determined through the underwriting process. The post 65% of home sellers overvalue properties, research finds appeared first on...
Tenant demand in the UK private rental sector has increased for the first time in two years, with 63% of landlords reporting strong demand in Q2 2026. The rise comes amid concerns over declining landlord investment appetite and potential supply constraints. The post Tenant demand rises for first time in two years appeared first on...
The High Value Council Tax Surcharge may increase beyond its initial 2028 rates as the government seeks to fund spending commitments, according to Knight Frank. The annual surcharge, ranging from £2,500 to £7,400 on properties worth £2 million or more, was announced in last autumn's Budget. The post High-value property tax could rise beyond 2028 rates appeared first on...
Properties in half of Britain's local markets are taking longer to sell compared to the same period last year, according to analysis from Zoopla, despite national average selling times remaining static. While the national average time to sell stands at 42 days, unchanged year-on-year to July 2026, the property portal's research identified 180 of the 363 local authorities across England, Scotland and Wales...
London property firm Strettons has appointed Olivia Boulting as director and auctioneer in a newly created role designed to expand the company's auction operations. Boulting joins from Auction House UK where she managed teams across offices in Bristol, Devon and Cornwall. The post Strettons appoints Olivia Boulting as auction director appeared first on...
Estate agencies in the UK may need to allocate approximately £45,000 annually for a dedicated compliance officer to meet anti-money laundering obligations, according to analysis by property technology firm Coadjute. The estimate follows HMRC's updated AML guidance requiring risk-based approaches to preventing money laundering. The post Estate agencies face £45,000 annual AML compliance costs appeared...
The government has announced planning reforms that will fast-track approval for thousands of new homes near public transport stations across England. Industry bodies have welcomed improved transport access but warned against creating fragmented developments. The post Government fast-tracks housing near transport hubs appeared first on...
UK house price growth remained subdued in June and July 2026, with major indices reporting annual increases between 0.6% and 2.2% as economic uncertainty and higher mortgage rates dampened buyer activity. Significant regional disparities persist, with Wales, Scotland and Northern Ireland leading growth whilst London and the South East lag behind. The post UK house prices show modest growth amid market...
Buy-to-let investors negotiated larger discounts on property purchases in July, with 56% of offers coming in at least 10% below asking prices. Acceptance rates for these lower offers increased to 27% compared to 18% a year earlier. The post Buy-to-let investors secure larger discounts in slowing market appeared first on...