Cedar House, Caen St, Braunton EX33 1AH

News

New PropTech products aim to help transparency and Covid safety

New PropTech products continue to appear, many aimed at enhancing transparency in buying and selling, or helping agents adopt new ways of working. One such product, just launched, is mio’s chain view API which the creators claim will, for the first time, allow all parties involved in a sale or purchase to... Source: Estate Agent...

Vendors spend extraordinary sums each day to sell their homes

Vendors spend an average £41 a day for 144 days when selling their home - but some spend a remarkable £140 a day on average. GetAgent, which compares costs and service levels of estate agencies, has come up with the figures after analysing market data. It says with the current average house price in... Source: Estate Agent...

Agents work just two-thirds of their maximum hours – claim

Figures drawn up by a property industry recruitment guru show that estate agents work only two thirds of the hours they could - and that’s sizeably less than solicitors, accountants and surveyors. Rayner Personnel says it’s settled on the figure after using a benchmark of the government’s working time directive, which... Source: Estate Agent...

Record figures for leads to agents, claims free-to-list portal

One of the growing number of free to list property portals, Residential People, claims a record-breaking number of sales and letting enquiries in August. The figures suggest it delivered 150,000 sales and lettings enquiries to its agents across the UK. Director Christopher May says: “We have been established for well over two... Source: Estate Agent...

PropTech Today – why do PropTech companies fail?

I was giving an interview this week for an upcoming conference - yet another to convert from a physical to a digital offering - and they asked me an interesting initial question about failure. Why do PropTech’s fail?  It made me reflect for a while before answering. It made me consider... Source: Estate Agent...

Agency behind Say No To Rightmove reveals High Street expansion

The regional agency group which master-minded the Say No To Rightmove campaign has made a big commitment to the future of High Street branches with a new 3,000 square foot office in a town centre. The Acorn Group, which also operates the John Payne and Langford Russell brands in London and... Source: Estate Agent...

Government claims credit for housing market boom

The government claims its stamp duty holiday has supported nearly 750,000 jobs thanks to the ripple effect in the economy. A statement from HM Treasury says house sales rose 15.6 per cent in August following the introduction of the stamp duty holiday, following a 14.5 per cent rise in July - partly, at... Source: Estate Agent...

Confirmed: Agents WILL have to wear masks in branch offices

Prime Minister Boris Johnson has announced that all retail staff will be obliged to wear masks when working - and it's now been confirmed that this applies to estate agency branches. Mark Hayward, chief executive of NAEA Propetymark, has this afternoon told the press: “We have asked the Ministry of Housing, Communities and... Source: Estate Agent...

Agents back Rightmove allegation of logjams in conveyancing

Two agencies have entered the debate on whether the current frenzied housing market is seeing delays in completions. Yesterday EAT reported that Rightmove had noted delays of around a month in the time now being taken from the acceptance of an offer by a vendor, and completion. This may jeopardise some... Source: Estate Agent...

Purplebricks and Foxtons lead share price falls amid Covid worries

Share prices for many quoted estate agencies and property portals fell in trading as fears grew about Coronavirus. London-focussed agency Foxtons was one of the larger fallers, down nine per cent to around 39p at the end of yesterday’s trading. A similar drop was suffered by Purplebricks, ending around 66p. Rightmove fell 5.8 per cent to...

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