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UK house prices increase as recovery gathers pace – industry reactions

UK house prices increased for their second consecutive month in April, latest official figures show, as the housing market continues to show signs of recovery as the economy improves. The average UK house price increased by 1.1 per cent in…

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Agents and conveyancers welcome Houseful’s new transaction platform

Ric Dawson Houseful has launched Movemnt, a new home transaction platform, designed to help property professionals work together to ensure a smoother and faster sales process. Movemnt will offer property professionals immediate access to data, automated communications and digital services,…

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EYE NEWSFLASH: Connells Group boss quits after 35 years

David Plumtree After over 35 years of service, David Plumtree has resigned as Connells Group chief executive (estate agency) and will leave the business at the end of June. A well-respected figure within the industry, Plumtree started his career with…

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Bank of England urged to cut interest rates as UK inflation set to hit 2% target

The UK annual inflation rate is expected to drop to the Bank of England’s target of 2% in May, from 2.3% in April, when the latest data is released today. In March, Bank of England Governor Andrew Bailey said “we…

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Video didn’t kill the Radio Star, and Rightmove isn’t killing estate agency

Ben Madden Now, I don’t want to spark too much debate (honestly), but the existence of Rightmove is quite literally, your biggest opportunity to win. For some, you’ve already read enough. You know what I’m about to make a mess…

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It’s about more than manifestos – interest rates hold the key to housing

Richard Donnell The manifestos are out from the major political parties. As it’s Euro’s season, a quick word search shows a ‘score draw’ on the number of times key housing terms like housing, planning, rent or renting, first-time buyers, new…

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How much can eXp agents earn in the UK?

Russell Jervis (left) and Russell Quirk On the latest episode of the Two Russells podcast, the top team at eXp Realty US, together with UK boss Adam Day, took a time out of their tour of the UK,…

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Energy Performance Certificates are in urgent need of reform, Which? warns

The next government must seek to reform Energy Performance Certificates (EPCs) because they are unreliable and can cost homeowners when they come to sell or make home improvements, according to Which?. A snapshot investigation by the consumer champion found that…

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Property giant rejects £650m bid from rival firm

Crest Nicholson has rejected a £650m all-share offer from rival housebuilder Bellway, but the approach could trigger further interest in the firm. Bellway revealed late last week that it had offered Crest Nicholson shareholders 0.093 Bellway shares for each of…

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Property industry reacts to Rightmove House Price Index

Asking prices for homes coming to the market were flat this month, as the housing market continued to cool, the latest data from Rightmove shows. The property portal said the average asking price was £375,110 for property put on sale…