Cedar House, Caen St, Braunton EX33 1AH

News

Why are only 25% of estate agents in NAEA Propertymark?

Propertymark, combining both the National Association of Estate Agents and the Association of Residential Letting Agents, claims to speak for the industry. Yet it’s estimated that only 25 per cent of estate agents are members of the NAEA and some 50 per cent of letting agency branches are in ARLA. Why that... Source: Estate Agent...

Agents offered trip to Dubai – as Health Secretary warns against it…

High profile agency owner Sean Newman is offering his entire self-employed team of 100 agents and mortgage advisors a chance for an incentive trip to Dubai. The offer comes just as Health Secretary Matt Hancock cites “weekends in Dubai” as trips that shouldn’t happen “unless it’s absolutely necessary.” Newman is a familiar... Source: Estate...

Soaring distressed property firms are ‘just tip of large iceberg’

Despite the booming housing market the whole property sector - a key indicator of the economy's performance - has seen 11,000 additional businesses enter significant distress in the past three months.  In total there are over 53,000 property businesses classified this way. The figure - from corporate business recovery service Begbies Traynor... Source: Estate Agent...

Purplebricks revamping publicity in bid to increase market share

Purplebricks’ new chief marketing officer appears to be on the threshold of making major changes in the agency’s publicity drive. Advertising industry journal Campaign says Ben Carter - who joined Purplebricks from Just Eat just over two months ago - is reviewing the company’s media agency relationship. Purplebricks has told Campaign: “The... Source: Estate...

Connells/Countrywide deal going to shareholders next month

Countrywide shareholders will next month have the opportunity to vote on the Connells bid to purchase the troubled estate agency group. The special AGM for Countrywide will be held, virtually, on February 15; Connells has already declared it has irrevocable backing from over 50 per cent of shareholders. It was just before... Source: Estate Agent...

Franchise Mega Agency – Hunters and TPFG talk for another week

Talks continue between The Property Franchise Group and Hunters with both companies agreeing a new deadline of next Friday, January 29. Just before the expiry of the previous deadline - at 5pm last Friday, January 22 - the companies announced that talks were still ongoing.  The Property Franchise Group is attempting to... Source: Estate Agent...

Stamp Duty Holiday: Did market need it? Have buyers really benefitted?

A leading analyst is questioning whether buyers have benefitted from the stamp duty holiday because demand has purshed up prices far beyond the savings possible. Anthony Codling - the former Jefferies analyst who now leads PropTech platform Twindig - says London provides a good example, but is by no means the only... Source: Estate Agent...

RICS in dramatic U-turn after newspaper allegations

The Royal Institution of Chartered Surveyors last night announced a dramatic U-turn in the controversy over a report by an independent accountancy firm. For weeks the institution has been the subject of allegations, chiefly in the Sunday Times, about alleged failures by RICS senior figures to act on the report by... Source: Estate Agent...

Decision Day for takeover talks between Hunters and Property Franchise Group

Today will see a firm decision on whether The Property Franchise Group will take over rival franchise network Hunters.  In early December TPFG approached Hunters about a possible takeover; TPFG was given until January 1 to confirm its offer formally.  Then, just before New Year, it was agreed that the talks would be extended... Source: Estate Agent...

PropTech: Challenger portal says it’s now fourth largest

Free-to-list portal One Dome has launched a dedicated New Homes section - in line with the longer-established paid-for portals - and  has signed up Barratt Developments, the UK’s largest housebuilder. Barratt has listed all residential developments and properties for sale, including three consumer brands - Barratt Homes, David Wilson Homes and Barratt...

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