• Cedar House, Caen St, Braunton EX33 1AH

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Connells-owned online agency Hatched to close immediately

The Connells-owned online agency Hatched is to close with immediate effect. A statement from the company says: “Online estate agency Hatched will be closing to all new business with immediate effect, Connells Group announces today. The decision underlines Connells Group’s belief that the ‘online-only’/hybrid business model is fundamentally flawed and affirms… Source: Estate Agent News

Another OnTheMarket signing – now it's a regional agency and auction firm

OnTheMarket has this morning announced that it’s signed up the north east of England regional agency Pattinson, which has 27 branches and works in partnership with others across the UK as Pattinson Auctions.  “We are proud to be an independent family run business and we always aim to do what we… Source: Estate Agent News

Countrywide share price still in the doldrums despite Peter Long move

Shareholders in the ailing Countrywide agency group appeared to remain largely indifferent to the news that their executive chairman Peter Long was to devote himself full time to the job of turning around the company. The share price closed yesterday almost unchanged at 10.98p. In the last year the company stock has… Source: Estate Agent […]

Property firm snaps up independent agency to hit £1m turnover mark

The independent Sutton-based property business Centro PLC has acquired Cheam and Mayfair based Christies Estate Agents Limited.   The new combined agency is estimated to have a turnover of over £1m from residential sales, lettings and financial services within the multi-disciplined Centro Group. Christies’ Andrew Richardson stays as residential sales director and all… Source: Estate Agent […]

Independent agents try to woo developers with PX collaboration

The Land & New Homes Network has announced a part exchange and assisted move collaboration with Relocation Agent Network in a bid to woo interest from new-build developers.  The Land & New Homes Network is a membership organisation set up in 2016 to provide leads, training, support and connections for non-competing… Source: Estate Agent News

Agents say current market slowdown to stay in place for rest of 2018

Estate agents say the continuing gentle slowdown reflected in the latest government house price figures will be the story of the market for the rest of 2018.  The UK House Price Index shows average house prices in the UK have increased 3.1 per cent in the year to July 2018. Although this… Source: Estate Agent […]

Countrywide: Peter Long 'to focus full time on agency group recovery'

Peter Long, the chairman of the troubled Royal Mail organisation, has stepped down from that role to focus full time on the recovery of Countrywide, of which he is executive chairman.  Long, who has been Royal Mail’s chairman for the past three years, was asked to take the top job at… Source: Estate Agent News

What now for faster house sales as search roll out ‘could take seven years’?

HM Land Registry says the full roll-out of its Local Land Charges digital register could take up to seven years, with the final decision on timings down to government ministers. The programme of migrating LLC data from individual councils to the Registry started in July when Warwick became the first area… Source: Estate Agent News

PropTech Today: will Unmortgage change our industry forever?

Those of you who receive (and read) my Sunday PropTech Review will know that, by far and away, the most shared PropTech article last week was about a company called Unmortgage and their recent £10 million fundraising effort.  There is clearly significant interest in this new offering so it seems a… Source: Estate Agent News

Buying agency secures prime London home almost 40% below asking price

A buying agency says it has secured a prime London property for one of its clients at almost 40 per cent below the original asking price when the property was marketed in January of this year – and 17 per cent less than was paid for the home in 2010. The deal… Source: Estate Agent News