Cedar House, Caen St, Braunton EX33 1AH

News

Online agency pledges to give most profit back to local community

An online agency that already operates in the lettings field is spreading into sales - and pledges to give most of its profits back to the local community. Stockport-based Three Sixty is expanding to include a sales division operating across Greater Manchester. It’s offering vendors what it calls “an introductory home-selling service” at... Source: Estate Agent...

Index puts average house price growth at almost 10% per year

One housing market index suggests that average house prices in England and Wales have risen by 9.8 per cent in the past year - comfortably higher than other recent indices. The latest e.surv Acadata House Price Index says the average price of a house in England and Wales now stands at... Source: Estate Agent...

London looking up at last, say Foxtons and Chestertons

Foxtons has reassured investors that 2021 has started well and the agency is on the road to recovery after the Coronavirus and London sales market woe.  The agency has reported a 24 per cent rise in revenue to £28.5m for the first quarter of 2021.  There’s been a 60 per cent growth... Source: Estate Agent...

Michael Bruce promoted in Boomin management changes

Michael Bruce has been promoted from the role of executive chairman of Boomin to group chief executive officer. This is within two weeks of the portal launching. Other changes announced in a statement overnight include a hunt for a managing director. “The search is underway for a leader within the industry to drive... Source: Estate Agent...

Stock shortage is worst I’ve seen in 30 years, says agent

An agent in part of the UK with the strongest seller’s market claims the stock shortage is the worst he’s seen in 30 years - while demand seems endless. Bradley Start, a partner at Start & Co in the Cornish town of Newquay, says he’s getting requests for viewings within minutes... Source: Estate Agent...

State of the property nation survey – what did we discover?

Our recent state of the property nation survey, which yielded nearly 350 responses from directors to junior negotiators, and many others besides, offers a fascinating insight into some of the biggest questions facing estate agency in 2021. Here, we break down what we discovered to provide our readers with an insight... Source: Estate Agent...

Rightmove flying with record visits as buying frenzy continues

Rightmove has so far this year recorded 20 of its busiest ever days for visits to the site as the current buying frenzy appears to show few signs of abating.  It set an all-time new record last Wednesday, April 7, when there were over 9.3 million visits. The day before, Tuesday April 6,... Source: Estate Agent...

Agents say slow house buying process is industry’s biggest issue

A survey of 5,000 agents suggests the slow house selling and buying process is one of the biggest challenges facing the industry today.  Respondents were asked to rank the biggest problems they faced in transactions. Some 74 per cent cited the lack of speed in a transaction, followed by just over 40... Source: Estate Agent...

95% mortgages make an impact – even before government initiative

The latest Moneyfacts monitor of the mortgage market suggests a significant number of new 95 per cent products - even without the government’s mortgage guarantee. Moneyfacts says overall mortgage availability rose is at its highest since March 2020 - a total of 3,842. Product choice has now recovered to 74 per cent of... Source: Estate Agent...

Ex-Virgin chief to chair Boomin as portal seeks £25m – report

Sky News is reporting that new portal Boomin is to announce the former chief executive of Sir Richard Branson’s business empire as its chairman. Stephen Murphy, who spent 17 years at the Virgin Group, is to be officially named in the role later today. Sky News says: “His appointment comes as Mr... Source: Estate Agent...

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