The UK property sector is witnessing a wave of strategic appointments and expansions, signalling continued growth and a heightened focus on regulatory adherence. Leading this trend, Durden & Hunt, an estate agency with a growing presence across London, Essex, and internationally, has announced the appointment of Tracey Stephens as its new Head of Compliance. Stephens brings more than three decades of experience in property compliance, governance, and operations, having worked across private, public, and voluntary sectors.
In her new role, Stephens will be responsible for overseeing all compliance aspects across Durden & Hunt's seven branches. This includes ensuring regulatory compliance for the firm's sales and lettings operations and implementing company-wide compliance procedures as the business continues its expansion. Before joining Durden & Hunt, Stephens held positions at Petty Son & Prestwich, where she managed compliance for a large property portfolio, and Peter Barry Chartered Surveyors, coordinating new business. Her extensive background also includes roles with property investment companies, Barking & Dagenham Council, Women’s Aid, and supported housing provider Elliot Leigh.
Meanwhile, Sourced Living, a property investment franchise network, is expanding its reach with the addition of new franchisees. Mother-and-daughter duo Deborah and Jameelah Simms are set to launch a new office in Westminster, marking the 12th franchise to join the network this year. The pair completed their induction training on 1 June 2026 and are now preparing to commence trading under the Sourced Living brand. Their Westminster operation will specialise in managing serviced accommodation, Houses in Multiple Occupation (HMOs), and holiday lets, a strategy well-suited to the central London market.
Deborah Simms brings extensive experience in property management, while Jameelah, with a background in business management and customer service from her time as cabin crew, is looking for a new challenge that allows her to balance work with family life. The decision to join Sourced Living was influenced by the strength of its franchise business model and its acquisition opportunities. The new franchisees have already begun networking within the Westminster area, establishing contacts with landlords and tenants.
These developments come at a time when the UK housing market continues to navigate complex conditions. According to recent data, average UK house prices have seen varied movements. For example, Halifax reported a slight dip in house prices in May 2026, while Rightmove indicated a modest increase in asking prices. Mortgage rates remain a key factor, with the Bank of England's base rate influencing borrowing costs. For first-time buyers, the average deposit required often remains a significant barrier, particularly in high-value areas like London. Existing homeowners are closely watching interest rate fluctuations, while landlords are contending with evolving regulations and strong rental demand, particularly for specialist offerings like HMOs and serviced accommodation, as targeted by Sourced Living's new Westminster franchise.