• Cedar House, Caen St, Braunton EX33 1AH

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Government to fund group to provide leasehold transparency

Housing minister Gavin Barwell says the government will provide “substantial investment” to ensure more transparency in leasehold tenure. “We are determined to create a housing market that works for everyone. Millions of people own leasehold homes and I am determined to stamp out unfair, unjust and unacceptable abuse of the leasehold… Source: Estate Agent News

Agents Do Charity – zipped up tight, defying the storm…

Whatever the weather, whatever the season, our industry excels itself at good work – and we are always delighted to publicise agents’ efforts.  Just email us at press@estateagenttoday.co.uk and we’ll do the rest – as was the case with this week’s agents working for good causes… Leeds MENCAP: A total of 38… Source: Estate Agent […]

Agents' Mutual case: tribunal chairman rejects documents request

The Competition Appeal Tribunal hearing involving Agents’ Mutual and Gascoigne Halman, set to start tomorrow, has had a last-minute twist with the chairman ruling that additional documents could not be submitted by the defendant after the agreed deadline. The hearing – scheduled to run from tomorrow for an estimated 12 days… Source: Estate Agent News

Zoopla and OnTheMarket slug it out over January portal visits

Zoopla and OnTheMarket have issued their figures for last month’s visits, each claiming their busiest ever January. Zoopla Property Group says it had record new highs seen in the number of visits and appraisal leads delivered to agents. There were over 53 million visits for the month with mobile traffic at… Source: Estate Agent News

Agents cautious over latest 'quietly encouraging' house price index

Agents have given a cautious welcome to the latest index from the Nationwide, suggesting that the annual rate of price growth remains stable at the start of 2017.  “The annual rate of house price growth remained broadly stable at the start of 2017 at 4.3 per cent, only modestly below the… Source: Estate Agent News

City consultancy says Zoopla to enjoy 'big upside' with Hometrack

A City consultancy has issued a note to investors backing Zoopla Property Group’s acquisition of data company Hometrack, suggested there is a ‘big upside’ for the portal firm given the potential to mine and sell data to the industry. Jefferies – a consultancy which is an advisor to ZPG – says… Source: Estate Agent News

Market boost as mortgage lending rises – with further to go

Gross mortgage lending reached a remarkable £246 billion in 2016 – that’s 12 per cent higher than the previous year and the highest annual gross lending figure since the economic downturn began in 2008.  The Council of Mortgage Lenders says that on a monthly basis, gross mortgage lending reached £20.4 billion… Source: Estate Agent News

Purplebricks share price at all-time high as traditional agents flounder

The stock market appears to be continuing its love affair with Purplebricks, as the hybrid agency share price rose once again yesterday to close at a record high of 193.00, which is a rise of around 6.6 per cent in one day alone. The price surge came after a Purplebricks tweet to… Source: Estate Agent News

Independent agents' group founder warns against online agencies

A founder of the new organisation seeking to be a trade body for independent estate and letting agents is warning that increased investment in and promotion of property technology could lead to the undermining of the traditional agency business model.  Donald Collins of Go View London – a firm which he… Source: Estate Agent News

10%+ prime London price cuts "not uncommon" says buying agency

Another agency says price reductions of 10 per cent or more are often found in some prime central London areas such as Kensington, Belgravia and Chelsea. Philip Eastwood, head of The Buying Solution – the buying arm of Knight Frank – says that these areas have had two years of quiet… Source: Estate Agent News