• Cedar House, Caen St, Braunton EX33 1AH

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Major GoCompare investor reported to be seeking higher ZPG offer

News agency Reuters says a top five shareholder in price comparison service GoCompare says the firm should respond “positively” if ZPG makes a larger offer for the firm.  Last week it was revealed that ZPG – owner of the Zoopla and PrimeLocation portals and agency support services such as the Property… Source: Estate Agent News

Purplebricks chief executive now involved in AllAgents peace talks

Estate Agent Today can reveal that the ‘peace talks’ between the AllAgents review website and Purplebricks now involve the agency’s chief executive, Michael Bruce. Back in September AllAgents, for the first time ever, suspended an account – that of Purplebricks – because of what it described as "repeated threats of legal action… Source: Estate Agent News

OnTheMarket reported to be threatening agency with legal action

OnTheMarket is reported to be threatening an estate agency with legal action. Earlier this week Estate Agent Today reported that Henry Adams, a 15-branch agency operating in Sussex, Hampshire and Surrey, had rejoined ZPG’s two portals, Zoopla and PrimeLocation. At the time Henry Adams’ chief executive, Philip Jordan, said: “We’re very pleased to be back… Source: Estate Agent […]

96 days – the average time it takes to sell a home

The average UK property takes 96 days to sell, according to a new report. The survey, by Post Office Money and the Centre for Economics and Business Research, examines the average time a property takes to sell in more than 20 major cities across the UK.  Sellers in Scottish cities Edinburgh and… Source: Estate Agent […]

Budget is make or break for London market, says investment firm

The London residential market is at last improving – but faces a make or break situation with next week’s Budget according to a property investment specialist. London Central Portfolio has analysed Land Registry data for the third quarter of the year and says sales volumes were up 7.5 per cent on… Source: Estate Agent News

Firm’s record month in increasingly-competitive auction market

Auction House says it sold more properties in October than during any other month in the company’s 10 year history. The firm offered 626 lots under the hammer and sold 468 – a success rate of 74.8 per cent, raising £56.7m. “More private sellers are using our auction rooms to achieve a… Source: Estate Agent […]

Agents Do Charity – and we’d love your Children In Need photos…

It’s one of the biggest days of the year for fund-raising in the UK, and we know many across our industry will be doing their bit for Children In Need. Whatever you’re downing please send us your photographs and videos for us to use on Estate Agent Today next week. Please get in… Source: Estate Agent […]

Belvoir withdraws merger offer to The Property Franchise Group

Belvoir has this morning withdrawn its merger offer to The Property Franchise Group, after some weeks of talks. As recently as Tuesday, Belvoir secured the backing of some TPFG shareholders to pursue merger talks, which collapsed last month when TPFG accused Belvoir of significantly undervaluing the company’s worth. TPFG, which has… Source: Estate Agent News

Purplebricks shares dip below 300p – 40% down over four months

Purplebricks’ share price value yesterday dropped below the 300p, over 40 per cent less than its high point over the recent summer. At 9.40 yesterday morning the agency’s price dipped to 297.81p; it hovered just above and just below the 300p mark throughout the day, some 200p off its July high… Source: Estate Agent News

Conveyancers want government hand-out to modernise house buying

A conveyancing body says it wants the government to allocate “a small fund” in next week’s Budget to promote research into how house buying can be reformed. The Council for Licensed Conveyancers demands the government addresses “one of the most archaic legal transactions – the house buying process.” The organisation does not specify… Source: Estate Agent […]