News
Wales Green Party proposes rent controls in manifesto
11+ hour, 56+ min ago (389+ words) The Wales Green Party has announced plans to introduce rent controls in Wales as part of its manifesto for the upcoming Senedd election, proposing a one-year rent freeze followed by local authority-administered rent caps. Party leader Antony Slaughter outlined the…...
Digital ID systems could reduce homebuyer compliance checks
6+ hour, 56+ min ago (370+ words) Homebuyers in the UK complete compliance checks an average of 5. 4 times during a single property transaction, according to data from Credas Technologies, a digital identity verification provider. The repetition occurs because buyers must verify their identity separately with estate agents,…...
Saudi Arabia's Red Sea developments drive Jeddah property demand
6+ hour, 56+ min ago (367+ words) Saudi Arabia's Red Sea coastline is attracting increased attention from international property investors, with Jeddah emerging as the primary access point for residential investment in the region. The city's established infrastructure and proximity to major tourism developments are positioning it…...
LSL acquires Meyers franchise network in South Coast deal
13+ hour, 55+ min ago (298+ words) LSL Estate Agency Franchising has acquired Meyers Franchising Limited, adding 10 franchise partners and six branches across Dorset and the South Coast to its network. The deal brings the Meyers Estate Agent brand, which operates in Christchurch, Bournemouth, Weymouth, Poundbury, Sherborne…...
Dubai distressed property market attracts bargain hunters
2+ day, 1+ hour ago (342+ words) Investors seeking below-market property opportunities in Dubai are increasingly turning to distressed sales, where sellers under financial or time pressure offer discounts of 5-15% to secure rapid transactions, according to market analysis from property platform Dxboffplan. Distressed property deals in Dubai…...
Oxford estate agency enters liquidation with "60k debts
1+ day, 8+ hour ago (343+ words) Wallers Estate Agents Limited has ceased trading and entered liquidation, leaving approximately "60, 000 in outstanding debts to creditors, according to documents filed at Companies House. The family-run agency, established in 2014 by Rowan Waller, operated from Rose Hill, Oxford, with a second…...
Property software firms update platforms for Renters' Rights Act
1+ day, 12+ hour ago (396+ words) Technology providers are updating property management software to help letting agents comply with the Renters" Rights Act, which introduces changes to tenancy structures, rent reviews and tenant engagement across the private rented sector. MRI Software has announced enhancements to its…...
House swapping gains traction as alternative to rentals
4+ day, 20+ hour ago (365+ words) Home exchange platforms are attracting property owners seeking to reduce accommodation costs during holidays, with participants reporting savings running into thousands of pounds annually. The model involves homeowners exchanging properties for holiday periods, typically coordinated through specialist websites that charge…...
Agency sale valuations depend on owner independence, says expert
1+ week, 6+ hour ago (327+ words) Property agency owners planning an exit are being advised to focus on operational independence rather than just financial performance, as buyers increasingly scrutinise whether businesses can function without their founders. Adam Walker, a business transfer specialist with four decades of…...
Berkeley halts land purchases amid geopolitical uncertainty
1+ week, 1+ day ago (437+ words) FTSE 100 housebuilder Berkeley has announced it will cease purchasing new land and implement a hiring freeze as geopolitical volatility and reduced prospects for interest rate cuts impact the property market. The London-focused developer said it would stop buying new land,…...