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KEYWORD "Profits" - 100 RESULTS
Tax expert says ‘act now’ over Furnished Holiday Lettings change

A tax expert is advising anyone involved in the furnished holiday lettings sector to ‘act now’ ahead of upcoming tax changes. Ben...

14 August 2024

From: Breaking News

Rightmove spends £3m on PropTech ‘eco-system’ as profits soar

A trading statement by Rightmove reveals that it’s  spent £3m on just an 8% share of a PropTech system that describes...

29 July 2024

From: Breaking News

Agents can unlock profits at this webinar claims Reapit

Industry technology provider Reapit is holding a webinar tomorrow giving agents “an opportunity for savvy agents to unlock profits through tried...

15 July 2024

From: Breaking News

Lettings drives huge profits surge for 27-branch agency chain

London agency chain Dexters has reported a huge 23% rise in revenue to £181m - and much of that rise is...

26 June 2024

From: Breaking News

Want your agency to be successful? Then pay staff more!

Paying staff too little is a sure-fire way to hinder growth and profits, according to letting expert and former ALRA President,...

25 June 2024

From: Breaking News

Tenant Turnover - landlord sales and not evictions are chief cause

Some 50% of tenants who moved last year did so because their landlords decided to sell the property.  By contrast, eviction was...

16 May 2024

From: Breaking News

Election hopeful demands New Towns to solve housing shortage

Labour must build “a new generation of New Towns” if it gets into government, according to a parliamentary candidate linked to...

12 April 2024

From: Breaking News

Industry boss slams government for ‘grandstanding’ on rent issues

HomeLet and Let Alliance’s chief executive Andy Halstead has called for less “government grandstanding” and more direct action to recognise the...

03 April 2024

From: Breaking News

Business Boosting Benefits promised at latest Agent Rainmaker event

An industry online event which organisers claim bring business-boosting benefits to attendees, is back for another year. The ARX Mastery Challenge is...

28 March 2024

From: Breaking News

Give tax perks to renters to help them buy, urges think-tank

A think tank is urging the UK government to consider tax perks for private renters to help them save faster for...

20 March 2024

From: Breaking News

Chancellor reveals property tax change in Budget

The Chancellor has used his Budget to confirm a 2p cut in National Insurance, from April 6. This will take it...

06 March 2024

From: Breaking News

Ethical Agent Network launches, promising to be ‘different’

A network uniting so-called ‘ethical agents’ launches today with a promise to be different from the rest of the industry. The Ethical...

04 March 2024

From: Breaking News

Agency acquires lettings portfolio from liquidated competitor

Glasgow agency Rosevale Letting has significantly increased its portfolio of managed properties after acquiring letting properties from a competitor, Ross Sales...

28 February 2024

From: Breaking News

Rental growth to decline this year warns muted Winkworth

Winkworth’s first trading statement of 2024 reveals that it saw a five per cent rise in rental revenues in 2023 -...

11 January 2024

From: Breaking News

Two of the largest lettings agencies propose to merge

The Property Franchise Group, the UK's largest property franchise brand, wants to merge with long-time rival Belvoir. Both are listed on the...

10 January 2024

From: Breaking News

Short lets tax change this week just the first of many in 2024

Airbnb and other short let platforms are from this week required to send data on their clients’ earnings to HMRC. And a...

03 January 2024

From: Breaking News

Labour will keep Right To Buy in England if it wins election

Labour says it will keep the controversal Right To Buy policy in England if it wins this year’s General Election. This is...

02 January 2024

From: Breaking News

Agents urged to find buyers for landlords who want to sell up

A lettings industry mentor has issued a plea to agents to do more to protect their landlords’ livelihoods. Sally Lawson, founder of...

16 October 2023

From: Breaking News

Agency switches from residential despite strong lettings showing

Latest market data from LSL Property Services - which includes the Your Move and Reeds Rain brands - shows a 10...

28 September 2023

From: Breaking News

Cut-price properties tempting investment buyers, says accountancy chief

Some prospective buy to let landlords may be about to use their equity to snap up investment properties at discounted rates,...

27 September 2023

From: Breaking News

Agency group bucks the market thanks to turbocharged lettings

The Property Franchise Group has reported a bumper half year of trading with revenue at £13.2m and pre-tax profits up 11...

13 September 2023

From: Breaking News

Winkworth slump would be still worse without lettings growth

Lettings income has saved the bacon of franchise agency Winkworth after a sales slump hit profits.  A trading statement from the agency...

07 September 2023

From: Breaking News

Agency’s new business model is ‘the future of the industry’ it claims

An established High Street agency has launched a “partner’ business model that it claims will be the future shape of the...

01 September 2023

From: Breaking News

Belvoir’s new mortgage deals aim to boost property franchises

Belvoir has snapped up a regional mortgage provider for £1m. It’s acquired MAB (South West) Ltd and follows the earlier acquisition of...

30 August 2023

From: Breaking News

Lettings division proves its worth in agency's big turnaround

A strong lettings division has allowed Foxtons to record strong growth in its latest trading statement, despite the challenging sales market. The...

28 July 2023

From: Breaking News

Lettings the only bright spot as agency chain issues profits warning

The directors of Winkworth are warning shareholders of a challenging period thanks to higher and faster-raising interest rates - with only...

13 July 2023

From: Breaking News

Agency chain pledges higher profits following franchise switch

LSL Property Services - owner of the Reeds Rains and Your Move brands - says it’s movement of agency branches to...

26 May 2023

From: Breaking News

Law service takes swipe at “incompetent letting agents”

Landlords are urged to be cautious and do extensive research before signing up to a letting agent in the face of...

24 May 2023

From: Breaking News

More Airbnbs than families on waiting lists - claim

A news service claims that in many UK cities there are now more entire homes listed on Airbnb than there are...

03 May 2023

From: Breaking News

New national lettings agency set up by Lloyds Banking Group

Lloyds Banking Group and homelessness charity Crisis have joined forces in a new two-year partnership including the establishment of a so-called...

18 April 2023

From: Breaking News

Funding exists for agency takeovers despite soaring rates - claim

A consultancy that handles lettings agency acquisition says funding options exist for companies wishing to buy others, despite rising interest rates. Lucy...

14 April 2023

From: Breaking News

Labour council tax freeze ‘not for empty buy to lets or second homes’

Labour’s much-publicised pledge to freeze council tax for the next year excludes empty buy to let properties and second homes it...

03 April 2023

From: Breaking News

Agents’ chance to think faster, sharper and better

Propertymark’s showcase event this year is to be addressed by a person who is a chartered psychologist, neuroscientist, science communicator, author...

15 March 2023

From: Breaking News

Rightmove “driving the digitisation of the rental journey”

Rightmove says it’s helping to digitise the rental processes, making the process less fragmented and frustrating for agents.  In its trading statement...

06 March 2023

From: Breaking News

Lettings growth is bright spot for agency after big profits fall

Pre-tax profits for Connells Group have plummeted from £111.3m in 2021 to £67.5m last year - but its lettings division has...

02 March 2023

From: Breaking News

Reverse The Tax Threat - major agency backs petition

A high profile lettings agency has backed a petition demanding the reinstatement of tax relief for landlords. Benham and Reeves says it...

11 January 2023

From: Breaking News

Award for agent who doubled fees and expanded his business

The founder of a Barnsley based lettings and property management company is celebrating transforming his business - and winning an award...

30 December 2022

From: Breaking News

Lettings key to financial success of London franchise giant

A short trading statement from Stock Market-listed London agency chain Winkworth shows just how vital the lettings sector is to its...

23 November 2022

From: Breaking News

Rental Sector hit by surprise Capital Gains and Stamp Duty tax changes

Chancellor Jeremy Hunt has delivered his long-awaited Autumn Statement - the fiscal event which he says will lead to “all of...

17 November 2022

From: Breaking News

Letting agents accused of pushing landlords into raising rents

A so-called Renters Union is organising a day of action after claiming letting agents are behind recent rent rises. London Renters Union...

14 November 2022

From: Breaking News

Jeremy Hunt won’t prevent “mass exodus” from rental sector - warning

Jeremy Hunt’s firm grasp of fiscal policy after the market turmoil of recent weeks won’t stop what one housing expert calls...

20 October 2022

From: Breaking News

Purplebricks returns to nasty agent-bashing with Commisery ads

What many believe to have been one of the nastiest TV adverts in recent years - Purplebricks’ attack on traditional agents’...

30 September 2022

From: Breaking News

Franchise veteran issues warning on future of lettings market

Winkworth’s latest figures to shareholders show that sales revenues have slumped badly - but lettings have boomed for the moment at...

08 September 2022

From: Breaking News

Purplebricks sets date for possible lettings crisis showdown

Purplebricks has set a date for a possible showdown with shareholders over the agency’s lettings compliance crisis amongst other controverisies.  It has...

16 August 2022

From: Breaking News

Labour MP calls for rent controls to help combat cost of living crisis

A Labour MP says the government should introduce emergency rent controls as part of a package of measures to combat the...

11 August 2022

From: Breaking News

Foxtons draws up shortlist of rival agencies it wants to buy

Foxtons has revealed that it has a pipeline of what it calls “lettings portfolio targets” - lettings books which it wants...

29 July 2022

From: Breaking News

OnTheMarket success includes lettings innovations - claim

OnTheMarket says its innovations with partnerships in the lettings sector have played a part in its successful growth. In the 12 months...

15 June 2022

From: Breaking News

Build To Rent’s vast profits potential shown in stock market figures

Grainger plc, the UK's largest listed residential landlord and a growing player in the Build To Rent sector, has delivered an...

13 May 2022

From: Breaking News

Massive growth in lettings income for rentals giant

Celebrating 25 years of unbroken profits growth, Belvoir has revealed a massive annual hike in revenue for 2021. Group revenue increased by...

05 April 2022

From: Breaking News

Agent writes book telling landlords - “What’s holding you back?”

The owner of a Belvoir lettings franchise has fulfilled a lockdown ambition to write and publish her book ‘Landlords, what’s holding...

16 March 2022

From: Breaking News

Industry heavyweight joins agency to help on growth strategy

Franchise giant Belvoir has named a former chief executive of a major housebuilder as a non-executive director, to help with the...

31 January 2022

From: Breaking News

Purplebricks “faces £30m payout over tenant deposits”

The Daily Telegraph is reporting that Purplebricks could face a bill of as much as £30m “after it put thousands of landlords...

13 December 2021

From: Breaking News

Controversy as cryptocurrency investors focus on buy to let

Property is fast becoming a preferred investing option for advocates of Bitcoin and other cryptocurrencies, an investment company claims.  Sequire Property Investment...

26 November 2021

From: Breaking News

Big Bad Agents - Airbnb lets may backfire on landlords, says ARLA

The letting agents’ trade body has issued a warning to landlords that short lets may provide quick profits - but they...

27 September 2021

From: Breaking News

Leaders Romans Group may go on sale for £400m - report

There is a report that the private equity owner of Leaders Romans Group has appointed bankers to work on a ‘strategic...

06 September 2021

From: Breaking News

Labour buy to let expert told to “publicly explain” his activities

A letter from a tenant’s union is demanding that a Labour councillor “publicly explain” his actions as an accountant advising investors...

28 July 2021

From: Breaking News

Discrimination against tenants on benefits is fault of government - new report

A leading trade body says the rental sector must not discriminate against tenants on benefits - and has told government it...

25 June 2021

From: Breaking News

Eviction Ban: government accused of hypocrisy over tenants’ rights

Baroness Alicia Kennedy has accused the government of hypocrisy over its diverging approach to evictions for commercial and residential tenants. On Wednesday...

18 June 2021

From: Breaking News

Boom time for rental sector is good news for buy to let lender

Paragon Bank increased its focus on specialist buy to let lending during the first half of its financial year as its...

09 June 2021

From: Breaking News

It’s Time To Talk About PropTech

Real estate as an industry has remained unchallenged throughout all of these years. For the industry worth more than 217 trillion...

19 March 2021

From: Sponsored Content

Jail threat after fraud team probes HMO with illegal extensions

A landlord who built unlawful extensions to a family home and squeezed up to 14 people into the rooms has forfeited...

19 February 2021

From: Breaking News

Agency warns that landlords seriously worried by CGT threat

An agency is warning that possible Capital Gains Tax changes are now a cause of major worry to their landlord customers.  Barrows and...

16 February 2021

From: Breaking News

Record number of buy to let landlord companies set up

Research by Countrywide agency Hamptons shows that during 2020 some 41,700 new buy to let limited companies were formed. That’s a record...

18 January 2021

From: Breaking News

Free Guide: Sold On Sustainability

You don’t need to be Greta Thunberg to know that climate change is a big issue that’s impacting our day-to-day lives....

09 December 2020

From: Sponsored Content

Agency network sees business storm back and repays furlough money

An extremely upbeat trading statement from Stock Market-quoted agency Belvoir suggests business has been ahead of even its pre-Coronavirus expectations in...

03 December 2020

From: Breaking News

Rent collection 97% and occupancy 95% says Build To Rent giant

One of the largest Build To Rent operators in the country is reporting that the pandemic has had relatively minor effects...

23 November 2020

From: Breaking News

No more taxes: Agents warn government on CGT

ARLA Propertymark has issued a warning to government not to use Capital Gains Tax reform to further punish the private rental...

16 November 2020

From: Breaking News

Online agency launches to focus on developer’s city units

Stockport-based property development company Three Sixty has launched what it calls an online agency - Three Sixty Living - to handle...

24 September 2020

From: Breaking News

PropTech service criticises “same old traditional” letting agents

A PropTech service says it wants to by-pass professional agents and cater just for self-managing landlords.  What’s more, it’s promoting the fact...

09 June 2020

From: Breaking News

Tenant fees ban fails to dent franchise empire’s profits

Hunters has reported a small increase in pre-tax profit in it full-year results despite the impact of the ban on tenant...

27 May 2020

From: Breaking News

Extra buy to let mortgage holiday opposed by activists group

The possibility of an extended mortgage holiday being introduced, for landlords as well as home owners, has been sharply criticised by...

22 May 2020

From: Breaking News

High-flying Belvoir bats off fees ban to record another profits rise

Belvoir, which describes itself as the UK’s largest property franchise, has just released figures showing its 23rd successive year of uninterrupted...

31 January 2020

From: Breaking News

Agents Beware: New lettings laws being introduced in 2020

A leading lettings sector trade body has outlined key pieces of legislation that will hit the private rental sector in 2020. The...

02 January 2020

From: Breaking News

Council opens lettings agency in town with scores of private agencies

Luton council has opened Lets Squared, a High Street lettings and estate agency using public funds - even though the town...

12 December 2019

From: Breaking News

Family lettings company acquires three-year-old independent

A long-established lettings company in Scotland has acquired a three year old independent with a small portfolio of 45 properties. Riccardo Giovanacci...

21 November 2019

From: Breaking News

Confidence in lettings sector plummets to all-time low amongst landlords

Landlords’ confidence in their lettings business has slumped to an all-time low, according to research by the National Landlords Association. In a...

12 November 2019

From: Breaking News

Are HMRC and Airbnb about to go to court over taxes?

The BBC is reporting that the short lets giant Airbnb has been contacted by HM Revenue & Customs about its tax...

23 October 2019

From: Breaking News

Landlords urged to prepare for ‘last straw’ in maintaining profitability

Landlords must look at their finances as a range of tax changes continue to 'hit home', according to Apropos. The property management...

07 October 2019

From: Breaking News

Huge Confiscation Order of £400,000 imposed on buy to let investor

A rogue landlord who divided his three-bedroom home in central London into eight flats has ended up with a bill of...

18 September 2019

From: Breaking News

Fees Ban not hurting Belvoir yet as franchise giant records strong growth

Belvoir Group has this morning announced its interim results for the first six months of this year - and they show...

03 September 2019

From: Breaking News

Surge in buy to let company purchases thanks to tax changes

New research shows more than half of landlords plan to use limited companies to buy properties in the year ahead.  The study...

12 August 2019

From: Breaking News

Short lets: £100k fine for Airbnb ‘sub-let’ and another council starts probe

A council tenant has been fined £100,000 and evicted because he let out his flat via Airbnb.  The Times reports that Toby...

30 July 2019

From: Breaking News

Lettings helps London agency boost part-year profits to five-year high

A surge in the lettings market has helped Chestertons post its best half-year profit level for the past five years. The London-focussed...

25 July 2019

From: Breaking News

PropTech is the future but only if it provides benefits, says top consultant

The future of the lettings industry will be tech-driven says one of the industry’s leading consultants, who is now also director...

11 July 2019

From: Breaking News

Shock as agency backs Fees Ban - and gives its profits to the homeless

An estate agency that describes itself as a ‘social enterprise’ says it will spend its profits on the homeless and related...

15 May 2019

From: Breaking News

Treasury does not understand basics of taxation, says damning report

A damning report on taxation in the private rental sector (PRS) has accused the treasury of appearing not to understand 'the...

10 May 2019

From: Breaking News

Agency investigating 19 ‘No DSS’ properties out of 1,900 units to let

The chief executive of Hunters has told MPs there are 19 properties on its books which specify ‘No DSS’ - but...

25 April 2019

From: Breaking News

Huge surge in profits and revenue for Belvoir Lettings

Belvoir Lettings has continued its solid growth with a trading statement revealing a 40 per cent rise in pre-tax profit and...

03 April 2019

From: Breaking News

The Big Switch: more buy to let investors adopt limited company status

Large-scale buy to let investors are continuing to move to limited company status in a bid to limit their exposure to...

25 March 2019

From: Breaking News

Fees Ban given green light by 'independent assessment' body

The government has published an independent assessment of its Tenants Fees Bill proposal - the ban on fees levied by letting...

04 February 2019

From: Breaking News

Government's bold claim - 'Fees Ban won't hurt many agents'

The government has made the controversial claim that the ban on the levying of fees on tenants will not produce “significant...

31 December 2018

From: Breaking News

Warning - landlords will quit as rent stagnation squeezes profits

More landlords will leave the private rented sector in the next year as annual rental price growth has been flat or...

23 November 2018

From: Breaking News

£60,000 rent to be repaid by property firm after council steps in

A London property firm must repay no less than £60,000 in rent after a council obtained a Rent Repayment Order against...

20 November 2018

From: Breaking News

Supply down, viewings up, more deals done - that's the market today

A new quarterly overview of the UK lettings sector reveals three key trends: viewings are rising and more tenancies are being...

11 October 2018

From: Breaking News

Government tipped to announce tax breaks in return for longer tenancies

Media speculation over the weekend has suggested that the government may be about to give tax breaks to landlords agreeing to...

08 October 2018

From: Breaking News

Franchise giant's success makes it number two in lettings to Countrywide

Franchise giant Belvoir Lettings has told the City and the firm’s shareholders that revenues and profits have risen in the first...

12 September 2018

From: Breaking News

Spark to offer low price energy deals for cost-cutting agents

Lettings sector energy firm Spark has announced that it is launching a business-to-business energy service which will initially target high street...

05 September 2018

From: Breaking News

Blame government for future rent rises, franchise guru warns

The chief executive of franchise giant Belvoir says government interference in the lettings sector will be to blame for higher rent...

25 June 2018

From: Breaking News

Forces' families being hurt by government lettings sector tax changes

A trade body is claiming that armed service personnel who let out their homes whilst stationed away are being hit by...

01 June 2018

From: Breaking News

Chinese backing London buy to let despite Brexit claims house builder

Telford Homes says some of its massive 35 per cent growth in pre-tax profits over the past year is down to...

31 May 2018

From: Breaking News

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