• Cedar House, Caen St, Braunton EX33 1AH

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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

PropTech Today: The importance of sustained innovation in viewings

I would argue the property industry is fundamentally inefficient. Much of that inefficiency is now being handled by PropTech companies and traditional property players.  However, one area that remains particularly difficult to wrangle is property viewings. Finally, though, significant efforts are now being made to solve the issue.  It’s unfortunate that one of… Source: Estate Agent […]

Industry backs leasehold reform as government releases more details

There has been general support from the industry for the government’s apparent intention to ban new homes in England being sold as leaseholds.  An eight week consultation period has now formally started, with government proposals contained in a 34-page document calling for:  setting ground rents to zero levels – in recent years… Source: Estate Agent […]