• Cedar House, Caen St, Braunton EX33 1AH

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Agency warns about effect of interest rate rise on household budgets

A 1.0 per cent interest rate rise would add £930 a year to the cost of servicing the average mortgage, according to new analysis from estate agency Savills. Four in 10 borrowers on variable rate mortgages would be first to feel the pain.  Their annual mortgage bill would rise overnight by… Source: Estate Agent News

Analysts anticipate disappointing figures from Foxtons tomorrow

Industry and financial analysts are preparing for what may well be another round of difficult trading figures from London agency Foxtons. Tomorrow the company is scheduled to release details of its 2017 performance in London’s challenging sales and lettings markets. Last month it gave a preview, with a trading statement suggesting that… Source: Estate Agent […]

Brexit uncertainty still hitting prices and market sentiment, poll shows

Brexit uncertainty and weakening consumer demand are likely to hit house prices this year, according to a survey of 33 housing market specialists by news service Reuters.  They forecast that average prices will rise 2.0 percent this year, below the 2.5 per cent inflation forecast. However, in London prices will drop by… Source: Estate Agent News

New industry body aims to simplify and modernise buying and selling

Representatives from estate and lettings agencies as well as professional organisations have formed The Home Buying And Selling Group with a common theme of being “motivated by a genuine desire to effect change.” The group includes agents, property lawyers, mortgage lenders and representatives of organisations such as Land Registry, the Law… Source: Estate Agent News

Property Jobs Today – agents and portal people on the move…

Hello and welcome to this week’s Property Jobs Today. If you haven’t caught this feature before, it’s a regular Monday opportunity to catch up with agents and other industry figures moving within companies or on to pastures new. If you want your firm featured in this, please email press@estateagenttoday.co.uk. Let’s start with… Source: Estate Agent […]

Former NAEA chief in fierce press attack on “irresponsible agents”

A former president of the National Association of Estate Agents has attacked “irresponsible agents” for over-valuing asking prices in London in order to win instructions and hit targets. Simon Gerrard, who runs the Martyn Gerrard agency in London, says: “Agents with fair and realistic pricing strategies are being undermined by those… Source: Estate Agent News

Sign of the eco-times: fully-recyclable For Sale and To Let boards

One of the industry’s largest sign makers has been spelling out its environmental credentials on the back of increased concern about the use of plastic and other non-recyclable material. Steve Gosney, managing director of Kremer Signs, says his company has been manufacturing a recyclable product for around five years, since which… Source: Estate Agent News

Rightmove eyes the future with more commercial property activity

Rightmove says its commercial property side is “continuing to gain momentum” with 650,000 leads generated for customers in 2017. Perhaps with an awareness that expansion of the residential listings service cannot continue indefinitely, Rightmove has told its shareholders and the City that commercial property professionals and occupiers spent an average of… Source: Estate Agent News

Connells celebrates doubling of new homes and land activities

Land and investment deals achieved by Connells Group in 2017 will add a further 2,750 units to its new homes pipeline, the company says. The group says its land and new homes division’s 2017 figures show a 20 per cent riseon the previous year, with increased instructions for both corporate clients… Source: Estate Agent News

OnTheMarket announces 243 new listings agreements in past 10 days

In an unexpected trading statement this morning, OnTheMarket says it has signed 243 new listing agreements within its first 10 days as a listed company. A week ago it issued a statement saying that after five days on the London stock exchange’s Alternative Investment Market its new listings totalled 81. This morning’s… Source: Estate Agent […]