• Cedar House, Caen St, Braunton EX33 1AH

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Central London prices now down as much as 14% in a year

High-end estate agency Knight Frank says prime central London prices are down as much as 14.0 per cent in the year to the end of January as the capital’s market slump shows no significant sign of improvement. In a league table of 14 locations across central London, running from Notting Hill in… Source: Estate Agent News

NIMBY-ism is waning as voters accept new homes are vital

Whisper it quietly but it appears that NIMBY-ism is on the wane as increasing numbers of voters are recognising the need for more new homes. As the government is about to unveil a Housing White Paper addressing the need for more homes, the Centre for Policy Studies – a right-wing think… Source: Estate Agent News

TPO defends code change over buyers' pre-contract deposits

The Property Ombudsman’s office has defended a change to its code of practice which, according to a national newspaper, means agents in England and Wales can ask purchasers for £1,000 deposits to indicate the seriousness of their intent to buy. The Guardian says that accepting pre-contract deposits is banned for agents… Source: Estate Agent News

White Paper: poor new-build figures as emphasis shifts to renting

There's bad news for the government in the form of house building targets on the eve of its long-awaited Housing White Paper – there’s been a two per cent drop in new home registrations in the past year. The total registered in 2016 was 151,687; the worst hit area was London… Source: Estate Agent News

Express story on Brexit house price boost 'seriously inaccurate'

The Independent Press Standards Organisation has ruled that a Daily Express newspaper story – “EU Exit Boosts House Prices” – was “seriously inaccurate.” IPSO, the independent regulator for the newspaper and magazine industry, last summer received a complaint from a Paul Haigh alleging that the Express front page lead on July 22,… Source: Estate Agent News

Homes with 3% surcharge 'made up 20% of late-2016 sales'

An analysis by Savills shows that so-called ‘additional homes’ – that is, those carrying a three per cent stamp duty surcharge – made up one in five of all sales in the second half of 2016. The effect of the three per cent surcharge is not yet fully understood, says the… Source: Estate Agent News

Rightmove to give NAEA and ARLA market info and regulatory news

Rightmove is teaming up with the National Association of Estate Agents and the Association of Residential Letting Agents to offer what the bodies call “help and support to agents” in the form of market and regulatory information. “We’ll be working with NAEA and ARLA throughout the year to enhance the support that… Source: Estate Agent News

'Retail' expert takes over as estate agency director at LSL

LSL Property Services has named Helen Buck as executive director of its estate agency business.  Buck has been a non-executive director at the company since December 2011 and has "excellent knowledge of the business", according to LSL. LSL is Britain’s second-largest agency group, and is the parent firm of High Street brans… Source: Estate Agent […]

Hybrid will be 'fast-growing challenger brand' says agency chief

Hybrid agency EweMove is rapidly expanding its network footprint this year and will be a “challenger brand” deliberately designed to be non-traditional, according to the head of its parent company, MartinCo. In a trading statement to the City, MartinCo chief executive Ian Wilson devotes much attention to EweMove, which the company… Source: Estate Agent News

Zoopla says member-agents made £15m-plus from IPO share offer

Zoopla has released details of the profit some of its agents have made from its 2014 offer to purchase shares at a 20 per cent discount – in total, agents who took advantage of the deal have made £15m. Zoopla Property Group member agents were all offered the opportunity to buy… Source: Estate Agent News