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Foxtons to unveil ambitious plan to double profits

Guy Gittins Foxtons will today introduce new medium-term financial targets, including an aim to deliver £50m of adjusted operating profit – more than double the amount achieved in 2024. Foxtons Group plc is today hosting a Capital Markets Event to…

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UK’s first fully digital purchase transaction

PEXA has announced the completion of the UK’s first fully digital purchase transaction. The transaction took place as part of the testing of the digital property exchange platform’s sale and purchase proposition ahead of its full launch and wider market…

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London estate agency in ‘acquisition mode’ as firm lines up deals

Julie Drake With a career in the UK property market spanning more than 30 years, Julie Drake is now a specialist in the sale of estate agencies. Formerly associate director at Savills, where she headed up their new homes team…

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Letting agency launches legal challenge against local authority over ‘extortionate’ fees

Martin & Co Leicester in partnership with JMP Solicitors has launched legal action against Leicester City Council over what they deem to be “unreasonably extortionate” selective licensing application fees. Landlords in Leicester are being charged an astonishing £1,290 per property —…

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HMRC figures show steep drop in transactions – industry reaction

The number of UK property transactions fell sharply in April 2025, according to provisional figures from HM Revenue and Customs (HMRC). For residential properties, the seasonally adjusted figure was 64,680 transactions, representing a 64% drop compared to March 2025 and…

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Rents rise for fifth consecutive month as ‘summer surge’ looms

Rents in England increased for the fifth consecutive month in May, according to the latest Goodlord Rental Index. The latest price jump could mark the start of the seasonal ‘summer surge’, with further rises expected over the coming months. The…

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Property industry reacts to latest UK house price data

Annual rate of house price growth increased marginally in May to 3.5%, compared to 3.4% in April, according to Nationwide’s May House Price Index which has just been published. House prices were up 0.5% month-on-month, led by growth in in…

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LSL director completes 100-mile challenge for Agents Giving

Lee Carratt Lee Carratt, franchise partnerships director at LSL Estate Agency Franchising, took on The Flower of Suffolk Hundred on 24 May to raise funds for Agents Giving – the official charity for the property industry – and clocked up…

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Housing Ombudsman calls for overhaul of social housing repairs

The Housing Ombudsman has released a new Spotlight report titled Repairing Trust, highlighting widespread challenges in maintaining social housing across England. The report points to persistent dissatisfaction among residents, despite millions of repairs carried out annually. A 474% increase in…

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Mortgage Guarantee Scheme figures released as cut-off point looms

The Treasury has released the latest statistics for the Mortgage Guarantee Scheme, showing that from 19 April 2021 to the end of December 2024, it helped to complete 53,261 mortgages. Among that number, 86% were purchases by first-time buyers. The…