• Cedar House, Caen St, Braunton EX33 1AH

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Agents' fees cartel : investigation blows the lid on how it was planned

A disciplinary investigation by the Royal Institution of Chartered Surveyors has blown the lid on the infamous fee-fixing cartel scandal involving estate agents at Burnham on Sea in Somerset. The agents at the heart of the scandal were Greenslade Taylor Hunt, Gary Berryman Estate Agents, Abbott and Frost Estate Agents, Annagram Estates,… Source: Estate Agent News

"We're not trying to disrupt agents" insists market website chief

The creators of a website using market data to define postcodes as hosting a seller’s market or a buyer’s market have insisted that “we’re not here to disrupt the estate agency landscape.” Estate agents contacted EAT following a story in the Home property supplement of last weekend’s Sunday Times about PropCast,… Source: Estate Agent News

Is this why transactions have slumped? Equity Release hits a new high…

Only 24 hours after the Land registry released data showing a 20 per cent slump in housing transactions, new figures from the Equity Release Council throw some light on why older owners may no longer be moving house so frequently. The data shows that the equity release market is moving closer… Source: Estate Agent News

125,000 buyers to benefit from Land Registry's early digitisation

HM Land Registry calculates that 125,000 buyers will benefit from just the first phase of its digitisation programme for Local Land Charges. From July 11 the first local authority in the UK, Warwick district council, has been able to handle local land charge searches digitally.  The Registry says it also working with… Source: Estate Agent […]

MP criticises "rip off" quick buy firms using "cowboy tactics"

A Labour MP has used Parliamentary privilege to name a quick buy company and to make accusations about its practices. During Prime Minister’s Questions this week Alex Cunningham, MP for Stockton North, asked Theresa May: “ My constituent [name] arranged to sell his house to an online company, [name]. He agreed a… Source: Estate Agent […]

Agents Do Charity – and they're undeterred by the heatwave…

It’s holiday season shortly and we’ve got just the weather for it – good news for some, perhaps less so for intrepid agents and others doing marathons for good causes, as we report this week. It’s a sign of the determination of many agents, however, that they’re still putting their best… Source: Estate Agent News

Trading Standards warns agents they must switch to valid redress scheme soon

The National Trading Standards Estate Agency Team has this morning issued a warning to agents that they must be signed up to a valid redress service. From August 6 – just three weeks from now – one of the three official redress schemes, Ombudsman Services, will no longer be providing redress: any… Source: Estate Agent News

Foxtons share price hits new low – other traditional agents suffer too

Foxtons share price hit a new low yesterday, dropping to only 46p early in the afternoon: it eventually closed narrowly up at 47p. The agency’s share price has suffered long-term collapse, reflecting the growing challenges of the London housing market – and in particular the prime London market. Figures released by the… Source: Estate Agent […]

Storm clouds gather as house price growth dips to five-year low

Agents appear to be getting more pessimistic over the housing market as the latest government figures show prices still growing – but at their lowest level for five years. House price growth dropped to 3.0 per cent in the year to May 2018 – the lowest annual rate since August 2013 -… Source: Estate Agent News

40% of central London new-builds sold with large bulk discounts

A report in the Financial Times lays bare the scale of the housing market downturn in central London – it suggests almost 40 per cent of new-build sales in recent months have been to corporate landlords. Quoting the construction consultancy Molior, it says some 2,008 new-build homes — or 39 per… Source: Estate Agent News