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Latest property news
Century 21 cancels franchise of London firm after twin fines
On Friday it was revealed that Century 21 Cameron Adams had been fined a combined £44,000 after two separate and damning court verdicts.
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Latest property news
More Knight Frank seniors jump ship to Rentify
Three more staff join the lettings platform from Knight Frank, following in the footsteps of Lucy Jones who until October had led its lettings operation.
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Crime
Industry first: lettings agency fined twice in same week for property management offences
Century 21 Cameron Adams and its director Hasan Younis ordered to pay a total of £44,000 in fines and costs handed down relating to different cases.
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Latest property news
ANOTHER council wades in to regulate ‘wild west’ Airbnb property sector
Brighton councillors vote through motion calling for Airbnb to draw up list of local 'trusted landlords' as disruption by 'party houses' causes anger in the seaside city.
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Latest property news
Tide turns against Airbnb as Scotland and Bristol move to regulate
The huge increase in Airbnb properties being made available by landlords on short-lets platforms has prompted politicians to take action.
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Features
A new source of revenue for estate agents
Richard Jacques, the former Lettings Director at Purplebricks, was on a roll on the day I went to meet him at a flexible workspace near Oxford Street. Richard was in full swing, launching his investment platform Investerge on that same day with several colleagues in tow – explaining how his new venture will, it is claimed, revolutionise the property investment market. Platforms like his are not usually of much interest to estate agents; they cream off some investors from the auction market and others from new build sales but, while some agents are more than happy to help clients build up portfolios, in most areas it’s a relatively niche part of the market. A new source of revenue for estate agencies However, the reason we’re here is that Investerge claims to be a new a source of revenue for agents in today’s more challenging times. Jacques says that Investerge will create a level playing field for investors and claims it’s already initiated property deals worth ‘multi millions of pounds’. We provide agents with a way to work on their own database of clients for whom they may not have properties today. Jacques says his platform will introduce investors to properties…
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Latest property news
Brexit planning + recession planning + proportunity
New data from fintech company Proportunity shows London’s best spots to buy property if we slide into a recession. After crunching the data, they found that London hipster hotspots such as Hackney and Haringey and Newham will be resilient to any potential Brexit-induced house price dip. Proportunity offers Help to Buy-style loans for first-time buyers – available to all properties, not just new builds and their data platform can assess whether a property is overvalued or undervalued, helping customers find hidden gems. Outer London boroughs such as Bexley, Havering and Richmond were most vulnerable. Instead, first-time buyers in London should look to Camden, Hackney, Haringey, Newham, and Tower Hamlets for properties likely to withstand any Brexit-induced price dip. The top five factors behind poor price performance are: Below average percentage of new builds sold Large millennial population Lower retired and baby boomer population Proximity to popular train stations Higher than average flat prices Using these five metrics, along with other indicators such as transactions, crime rates, average number of rooms and the amount of residential floor space within a borough, Proportunity created a price resiliency index to help first-time buyers find recession-proof pads in the capital. The findings reveal that…
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Latest property news
Watch out, there’s a review about! ‘TripAdvisor’ for student accommodation rolls out across UK
CribAdvisor was launched in July by two students in their adopted home city of Lincoln and will now be launched in other UK university cities.
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Latest property news
Are UK student build-to-rent developers not thinking their sites through properly?
Too many developers are swamping local markets with large purpose-build student accommodation that is too posh for heavily-indebted students.
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Latest property news
‘Airbnb doesn’t care about illegal sub-letting’ claims leading agent
Base Property boss Kristjan Byfield says he's 'extremely disappointed' by response of Airbnb after he told the company about illegal subletting on its platform.
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