Anthony Payne
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Housing Market
£5m+ sales performed best in London last year ‘despite mini-budget’
The top end of London’s property market recorded the strongest performance in terms of sales during 2022 with sales 63% higher than their pre-pandemic average.
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Rental market
London prime rental market ‘collapses’ as available lets fall sharply
Figures from LonRes show that rents are shooting up as tenants compete for a dwindling number of properties.
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Latest property news
Demand hugely outstripping supply in central London despite looming recession
Prices have risen by 5% and rents by nearly a third year-on-year, latest data from LonRes shows.
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Latest property news
Londres celebrates its 20th anniversary
LonRes, a subscription based business-to-business trading platform, is celebrating its twentieth anniversary, laying claim to being one of the original PropTech companies.
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Latest property news
Proptech has robbed estate agents of their traditional skills, say senior industry duo
Lonres founders William Carrington and Anthony Payne say more sales agents are 'rowing back' from technology to re-embrace more traditional techniques.
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Products & Services
Proptech platform older than Rightmove celebrates 20 years in business
LonRes, which launched several months before Rightmove, now has 6,000 estate agency users and is viewed as essential to many agents in London and the Home Counties.
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Features
The LonRes response to HMRC and AML branch checks
The Negotiator’s exclusive interview with LonRes discussed the challenges faced by sales agents in London and why it has bought FCS, the Anti Money Laundering services provider.
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Latest property news
Exclusive: Lonres snaps up leading AML consultancy as HMRC ramps up inspections
Prime agents are increasingly under scrutiny by HMRC over their AML practices, which has prompted Lonres to acquire Financial Crime Services.
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Latest property news
London letting agents offered new partnership to help them offset tenant fees ban
London property data firm Lonres has made a bold move into the transactional lettings market after it was announced today that it has formed a strategic alliance with lettings services firm Let Alliance. Lonres says the deal is a direct response to the looming tenant fees ban, the legislation for which recently began its passage through parliament, but is also part of an ongoing plan for Lonres to help its subscribers find “practical solutions to help them adapt effectively to policy and market changes”. To be called Lonres Let Alliance, the partnership will only be available to Lonres subscribers and will offer an end-to-end rental service for letting agents, landlords and tenants. This includes tenant referencing, deposits, a rent guarantee scheme and a host of insurance packages underwritten by UK General Insurance Group. Tenant fees ban Lonres says its agent clients will also be able to earn referral fees from the Let Alliance partnership if they introduce its products to tenants or landlords. “This alliance came about after we realised that the government wanted to see the industry come up with new ideas,” says Anthony Payne, MD of Lonres (pictured). “We think this partnership offers both tenants and agents what…
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Latest property news
LonRes launches commission sharing site for new build agents
Commission-sharing and property data platform LonRes has launched a service to enable agents who sell new-build property in London to commission share with other agents, it has been revealed. Called ResDev, LonRes says the service will help agents tap into London’s burgeoning new homes market, which last year saw 16,230 new homes built. “With access to a network of properties and potential commission splits, ResDev is a natural extension of the LonRes system,” says says Lonres co-founder Anthony Payne (pictured, left). “Just as LonRes transformed the way in which London agents worked together, ResDev promises to do the same for the new build sector.” The ambitious building efforts of London’s developers, who are finishing projects such as the mixed-used redevelopment of Battersea Power Station started when the London market was over-heating, make it the ideal time to launch the ResDev. LonRes says the numbers of new homes coming to the market is up 53% compared to five years ago. Such extraordinary growth compares with the struggling general sales market in London, within which the number of homes sold has dropped by approximately a quarter year on year. LonRes say its new service will offer agents selling new build properties access…
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