• Cedar House, Caen St, Braunton EX33 1AH

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Government quietly scraps controversial sell-off of large homes

The government has quietly scrapped a proposal to force councils to sell off their most valuable assets, which would have included their largest homes.  Inside Housing says the policy – which would have required councils to make an annual payment to government, recouped through the sale of higher-value homes as they… Source: Estate Agent News

Trouble ahead? House price falls set to spread, website warns

A sales platform that monitors the market is warning that house price falls are likely to spread beyond London and the south east this autumn. Home says that an increase in homes being put on sale “has led to market saturation in the East of England” with that region set to… Source: Estate Agent News

PropTech Today: If agents are overvaluing, is it time to look elsewhere?

My eye was caught yesterday morning by news that PropTech company, Agent Software, is claiming that ‘some agencies deliberately over-value properties in a bid to win instructions’.  This is, it claims, a ‘response to challenging market conditions, reduced transaction volumes and increased competition’.  This news really didn’t surprise me. It’s something we’ve… Source: Estate Agent […]

Stamp Duty – should downsizing pensioners be exempt?

There’s been another call for the government to reform stamp duty – and this time the request is that the duty should be abolished completely for pensioners moving house. Lord Best – a cross-bencher, former chair of The Property Ombudsman and also a member of the All Party Parliamentary Group on… Source: Estate Agent News

London agency opens its second 'virtual' office

JLL has opened a new ‘virtual’ office with dedicated sales and lettings staff to serve the Westminster and St James’s areas – but operating from its existing offices elsewhere in the capital. The firm did the same thing earlier this year with a dedicated team operating in Elephant & Castle but not… Source: Estate Agent News

Another agency teams up with online and in-room auction house

Another agency has teamed up with an auction company to allow it to offer vendors the choice of both in-room and online auctions, as well as traditional private treaty sales.  North Wales agency Dafydd Hardy has joined forces with SDL Auctions to offer sellers what the agency’s managing director, Dafydd Hardy,… Source: Estate Agent News

Desperate agents deliberately overvaluing, claims PropTech company

A PropTech firm has adopted the unusual position of claiming some agencies deliberately over-value properties in a bid to win instructions. Agent Software says agents have done this in reponse to challenging market conditions, reduced transaction volumes and increased competition.  "We work with thousands of agents across the country and the feedback we're… Source: Estate Agent […]

OnTheMarket sales rep wrote critical review of agency after cold call

An OnTheMarket sales rep – who now no longer works for the company – wrote a critical review of an independent estate agency which declined to sign up to the portal after being cold called. Russell Moxley, who runs County Estate Agents in Whitstable, says his firm received “lots and lots and… Source: Estate Agent News

Agent drove almost four-times over limit and kicked police officer

Local media in Huddersfield report that an estate agent smashed into a traffic bollard while four times over the drink-drive limit before kicking a policewoman when she was arrested. Elizabeth Hirst, 27 – who was described in court by her defence as a functioning alcoholic – has been banned from driving… Source: Estate Agent News

'Brexit smog' blamed for long-term slump in Foxtons' share price

The investment bank Jefferies says Foxtons’ long-running share price slump is a reflection of Brexit uncertainty “until we find out what Brexit actually means.” In a note to the bank’s investor clients, equity analyst Anthony Codling says in the longer term investors may regard Foxtons’ current struggling share price as “attractive… Source: Estate Agent News