BREAKING NEWS – top 5 stories 16/02/2021

Estate Agent Networking Breaking News


Following the resignation of the NAEA Propertymark president Kirsty Finney who was six months in to her yearlong presidency, Propertymark are now being very tight lipped about what has happened.

What is clear is something internally in Propertymark is possibly causing many to leave. In July 2020, David Cox Chief Executive of ARLA Propertymark resigned, then CEO Mark Hayward announces his retirement effective in December, then weeks later Christopher Hamer the Chair resigned.

Surprisingly, then within two months a new CEO Tim Balcon is in place with zero real estate knowledge, then Mark Hayward instead of leaving stays on under a new title to guide the new CEO, and now Kirsty Finney the newly elected President has ‘left’ in clearly mysterious circumstances. This whole situation is making the membership very uncertain as to the value of paying subscriptions to an entity that resembles a circus act, rather than being the paragon of professionalism it always purports to be.

Maybe Tim Balcon will make a statement and add clarity to the latest situation, he has been keen of late to extol the virtues of Propertymark, part of the job of being a CEO is to deal with difficult issues, and clearly an ever-revolving door of personnel is one of them.


Notorious in the 1950’s and 1960’s Peter Rachman was a landlord with no heart, who exploited his tenants leading to the term Rachmanism becoming a word to describe not looking after tenants and the buildings tenants inhabit.

The director of Property Ladder London, Mohammed Bhatti has recently pleaded guilty to a dozen charges regarding lapses in let properties under his governance in Leyton, including not having at least one HMO licence in place. It resulted in him being fined tens of thousands of pounds, but is a sadder reflection that 70 years on – tenants interests are still not being properly addressed.


It has been reported that new sales in February, and new housing stock coming to the market are faltering, driven in part by the uncertainty around the stamp duty holiday. Clearly with the end of March only 6-weeks away, fresh sales will not be completed in time, meaning that the housing market is now on a go slow – not great news for agents already affected by Lockdown 3.0


According to recent analysis by Hamptons, in 2020 there was a significantly higher amount of Landlords buying properties to let using finance rather than cash, indicative that first time landlord’s or landlords looking to buy a second property were in the mix.

Traditionally professional landlords tend to buy inventory with cash, which means in recent years around 60% of stock bought for letting has been sourced in this way, in 2020 this figure dropped to 50% which meant buyers of housing inventory for letting was availing itself of more finance, the reserve of new landlords whose pockets are not as deep.


Data compiled by Milton Keynes based TwentyEA, shows that the estate agency pool contracted by over 2.5% last year with the closing of 339 branches. Some could be from mergers, acquisitions, and retirement, but the biggest sector affected seems to be hybrid/online agents accounting for around 8% of the closures.


If you have a view – please let us all know by emailing me at [email protected] – Andrew Stanton Executive Editor – moving property and proptech forward.

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate. Want to contact me directly regarding one of my articles or maybe you'd like a chat about future articles? Email me via [email protected]

You May Also Enjoy

does a garage add value to your property
Home and Living

Does a Garage add Value to your Property?

The most important part of this subject, well leastways for me, is if you have the space / land available so to have the choice of either a garage or not. Surely this plot of land holds the value and it is over to the home owner if they would like a garage or not?…
Read More
Letting Agent Talk

How to Be an Awesome Landlord in 2022

Some people may view being a landlord as an easy way to make money, but there’s much more to it if you want to truly excel in this role. The best landlords always go above and beyond to provide comfortable homes for their tenants and make them feel as welcomed as possible. Indeed, to be…
Read More
Property for sale
Estate Agent Talk

Selling Your House? Here’s What You Need To Do

Selling your house is a big decision. It’s not something you do every day or even every year. So, when the time comes to sell, you want to make sure you’re doing it right. That means getting the best possible price for your home and making the process as smooth and stress-free as possible. So,…
Read More
Estate Agent Talk

What Are The Factors To Appreciates The Real Estate Property Prices

Are you planning to sell your home? Are you buying a home? Whatever the scenario is, there are some things that you need to look after. In case you are selling your house, you have to set the price on the basis of those factors, or you need to ensure that all these things are…
Read More
Breaking News


A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   Table of ContentsHide On The Market: Housing market starts to rebalance as remarkable buyer and seller confidence prevails Renting to Students: TDS Poll Confirms Common Issues and Reasons for Disputes in Student Lets LexisNexis and Coadjute partner speeding property market…
Read More
Estate Agent Talk

How can Cash House Buying Agencies thrive in 2022?

Like many other industries in the world, the UK property market is constantly evolving. Industry players therefore need to keep a keen eye on the key markers that define the state of the industry. As 2022 ushers in new changes and realities, industry players like cash house buying agencies need to arm themselves with current…
Read More