• Cedar House, Caen St, Braunton EX33 1AH

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Top industry figure says OTM float 'just makes money for elite agents'

Iain White, the ex-Romans managing director and former Countrywide director, has come out strongly against the demutualisation proposal from Agents’ Mutual – and says it’s part of an agenda to allow the leaders of the company to make money. White, now one of the founders of the Agency Mentors training business,… Source: Estate Agent News

Online agency subject of another complaint about website wording

Online agency HouseSimple has once again been the subject of a complaint to the Advertising Standards Authority. Earlier this month a HouseSimple advertisement was banned because it could not substantiate a claim that “High street estate agent fees are usually worked out as a percentage of the final sale price of your… Source: Estate Agent News

PropTech Today: Why consolidation and collaboration are badly needed

“When an industry is new, still finding its feet, finding its purpose, the tendency is for those few people within it to be secretive. But PropTech isn’t new anymore. It’s young, but not new.” “As a result, the inventors and innovators are starting to look up from their screens and across… Source: Estate Agent News

Stamp duty: new analysis shows burden falling on Southern England

Analysis by the Nationwide suggests that the proportion of UK-wide stamp duty payments paid by purchasers in the south east of England are likely to have risen again. “The abolition of the “slab” structure of stamp duty tax rates [in 2014] is unlikely, by itself, to have increased the total amount… Source: Estate Agent News

House price growth slows again this month says Nationwide

The average price of a home in the UK is now £211,6712 – up slightly on last month but with growth slowing, according to data from the Nationwide.  The annual pace of house price growth moderated to 2.1 per cent in August, from 2.9 per cent in July.  The slowdown in… Source: Estate Agent News

OnTheMarket dispute over Springett's £20m reaches national press

The growing anger of some OnTheMarket member agents about the portal’s parent company proposal to float on the London Stock Exchange has reached the national press. The Daily Telegraph says the Agents’ Mutual float proposal – revealed last month and described by the newspaper as likely to “trigger a £20m windfall… Source: Estate Agent News

Be wary of online agents' claims, consumer group tells public

Consumer group Which? says the public should be wary of claims made by online estate agents. This follows a series of complaints about claims made by Purplebricks, HouseSimple, Hatched and eMoov. In a blog the consumer group says that while it is true that online estate agents often do charge competitive fees for… Source: Estate Agent […]

Will smaller online agencies combine to combat Purplebricks?

A tech magazine has raised speculation, circulating in the industry for some months, that some online agencies have considered joining forces to try to compete with the growing dominance of Purplebricks. An article in TechCrunch says there has been “lots of noise over the last year” that companies had been in… Source: Estate Agent News

Major regional agency says new online service is 'the fourth way'

A major regional agency with offices in Kent, Surrey and Sussex says its new online service – Howard Cundey LIVE – is a ‘fourth way’ to serve customers on top of its existing high street branches, regional network, and auction option. The agency’s chief executives and co-founders Dan Berrisford and Tim… Source: Estate Agent News

'Second Steppers' face bigger challenge than first time buyers – claim

Homeowners ready to take their second step up the property ladder say it's harder than getting on it in the first place according to Lloyds Bank. Almost a quarter say that they'll have children later in life than they had originally planned with 12 per cent also saying that they will… Source: Estate Agent News