• Cedar House, Caen St, Braunton EX33 1AH

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Uptick in public sentiment about market, despite challenges

Households appear to be more optimistic about the strength of the housing market despite Brexit and political and economic uncertainty, according to the latest Knight Frank Sentiment Index.   The index reveals that households across the UK perceive that the value of their home rose over the last four weeks – and that… Source: Estate Agent […]

Big surge in equity release according to sector trade body

The equity release sector is claiming a record quarter between April and June with the number of new customers and total value of lending rising significantly year-on-year.   Figures from the Equity Release Council – the members of which account for some 95 per cent of all equity release activity – says… Source: Estate Agent […]

Agents Do Charity – from Muse to Dog Shows…

As we head into August there’s no let up on your fantastic efforts for charity – thank you!   Everyone below has let us know by emailing press@estateagenttoday.co.uk and we’ve been only too happy to publicise efforts and push for a few more contributions on their behalf.   Agents are starting well-deserved summer breaks… Source: […]

Profits plunge at Countrywide as CEO admits "tough year so far"

Countrywide has revealed a massive plunge in its profits for the first six months of 2017.   Pre-tax profit for the six months to June were £447,000 – that’s over a 90 per cent drop – while operating profit fell almost as much, down 77 per cent to £6.5m.   Revenue is down from… Source: […]

Foxtons' slump in sales means 55% of revenue now from lettings

Foxtons has reported its half-year figures for the six months to the end of June and, as expected, they show how tough the London market is right now. The agency reported a 64 per cent drop in pre-tax profits to £3.8m while total revenues at the group fell 15 per cent… Source: Estate Agent News

Hunters defies London sales slump by opening new branch

Hunters is opening a new branch in the fashionable area of Shoreditch in east London, despite a slump in sales across the capital. Hunters has over 30 branches in London, and says Shoreditch is a success story thanks to its recent transformation; it claims house prices in the area have risen 25… Source: Estate Agent News

Savills says credit crunch still shapes housing market, 10 years on

High end estate agency Savills says the credit crunch – roughly 10 years old next month – is still having an impact on the housing market. It says there are four key ways in which the market is influenced. Firstly, equity trumps debt – the agency says a total of £312 billion… Source: Estate Agent […]

Purplebricks faces new hybrid rival as it attempts to break into Australia

Purplebricks’ well-publicised attempt to break into the Australian market with a similar model to the one being used here has come up against an unexpected obstacle – another hybrid operator, apparently using a similar business model. Industry monitor service Property Portal Watch says Sello, a newly-launched Sydney-based hybrid agency, is being… Source: Estate Agent News

easyProperty to relaunch after 270 licences taken up by agents

More than 270 easyProperty licences have been secured by independent estate agents belonging to The Guild of Property Professionals and Fine & Country. The figure was this morning released by GPEA, the parent company of The Guild and Fine & Country, following an 11-date nationwide roadshow held in the early part… Source: Estate Agent News