UK estate agents receive the lowest sales commission across eight of the world’s biggest property markets, new research suggests. The analysis suggests agents in the UK take home the second-lowest income, only out-earning agents in Malaysia. Self-employed agency brand iad UK has analysed the average residential estate agent sales commission in eight of the world’...
The Bank of England (BoE) has announced an increase of 0.5% to its Base Rate this month. This is the 13th consecutive rise, and has pushed interest rates to 5%, which is the highest they’ve been for 15 years. The Bank keeps raising interest rates to tackle high levels of inflation. It was announced that the inflation rate has remained at 8.7% in the month to Ma...
Agents are preparing to return for a full week of work as the festive period comes to an end, but was there a Boxing Day listings boost? The idea of a wave of listings going live on Boxing Day is a marketing ploy mainly used by portals to encourage agents and sellers to list their homes when potential buyers may be bored of turkey sandwiches and Christmas crackers, so could...
It has been reported that OnTheMarket (OTM) has been bought for £100m by £33 billion global property data group CoStar. Sky News says the portal, which is due to publish its results today, will also reveal that the portal’s board has approved the sale, persuaded by a bid ‘substantially’ over its current 70p share price. The sale comes after OTM ha...
