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Purplebricks shares downgraded by 80%, KFH considers leaving Rightmove, Money laundering fees rise




Young estate agent escapes driving ban after claiming job would be at risk

Residential property | Property industry events | Property industry supplier information
Isle of Wight estate agent Sebastian Drewell is to complete 300 hours of unpaid community work and have ten points put on his licence instead.
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KFH considers leaving Rightmove as it trials Zoopla at selected branches

Residential property | Property industry events | Property industry supplier information
63-branch London agency says it will spend next 12 months comparing the two portals' performance before making a decision on which to pick.
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Global property portal reaches 100,000 listings including 11,400 in UK

Ambitious aims of Residential People appear to be bearing fruit, helped by offering free sales and lettings listings to agents.
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Deposits are deposits!

Residential property | Property industry events | Property industry supplier information

"Landlords complained that the agent used a deposit as rental payment. Further rent payments were missed and eventually the landlords won a possession order. However, says Katrine Sporle, The Property Ombudsman, they did not accept that the agent acted properly."
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NAEA ‘surprise’ at 250% money laundering supervision fee rise

HMRC is to raise the annual fees it charges agents to be part of its money laundering supervision scheme from May 1st this year.
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Purplebricks – Berenberg slashes target price by over 80%

Residential property | Property industry events | Property industry supplier information
Investment analyst suggests Purplebricks may need to take drastic action amid slowing growth and accelerating cash-burn.
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