• Cedar House, Caen St, Braunton EX33 1AH

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Four-branch regional agency snaps up single-office firm

Oakwood Homes, a four-branch sales and lettings agency operating across East Kent, has acquired Parkland Estates, a single-branch firm based in Thanet. Oakwood was set up in 2005 and also handles property management, land and new homes, mortgages, financial services and property investment. Oakwood founder and managing directer Andrew Dickinson and Parkland’s… Source: Estate Agent […]

Countrywide: could it really be snapped up by Foxtons or Connells?

Rumours abound over the future of Countrywide, which lost further share value on Friday, closing very slightly down on the day at 14.08p. It has now lost over 90 per cent of its share value in the past 12 months. Some financial sector figures are suggested the company, or at least its… Source: Estate Agent […]

Boris Johnson wants "absurdly high" stamp duty to be cut

Boris Johnson is calling for a cut to Britain’s “absurdly high” stamp duty. Writing in this morning’s Daily Telegraph – the same newspaper in which he wrote his infamous burka comments a week ago – Johnson says there will be an impending crisis of capitalism if young people are not able to… Source: Estate Agent News

Property Jobs Today – your weekly round-up of industry moves

Welcome to this week’s Property Jobs Today – and as ever we have a breakdown of key moves within our industry. To contribute your news, please email press@estateagenttoday.co.uk and we’ll let the industry know what’s happening. Let’s start this week in Yorkshire where a property professional with an impressive residential and corporate… Source: Estate Agent […]

Online agents have under 1% share in prime central London – LonRes

The chairman of LonRes says online estate agents have only a one per cent share of the market in prime central London. Writing in his company’s summer market review, William Carrington refers to “the online presence of the market leader, Purplebricks” and cites recent analyses of both that agency and the… Source: Estate Agent News

Property Redress Scheme adds 1,750 members after redress shake-out

The Property Redress Scheme says it’s recruited another 1,750 members following the shake-out last week when one of its rival redress services shut up shop. On August 6 Ombudsman Services: Property completed its long-anticipated withdrawal from serving as a redress scheme for agents, leaving just the PRS and The Property Ombudsman… Source: Estate Agent News

Stamp Duty is a mess: should it be scrapped or simplified?

Research by Estate Agent Today reveals that there have been 12 different stamp duty regimes in the UK since the Millennium. What’s more, the duty has changed over decades from being a simple transparent tax to a complicated obstacle for buyers to overcome.  Stamp duty is back in the news again this… Source: Estate Agent […]

Purplebricks' founders came up with the name around a kitchen table

It’s been revealed that the creators of Purplebricks came up with the name while brain-storming around a kitchen table – and without the help of consultants, branding gurus or marketing experts. In a podcast recorded in Northern Ireland, where Purplebricks founders Michael and Kenny Bruce grew up, it is revealed that… Source: Estate Agent News

Good news – mortgage arrears and repossessions continue to fall

There’s been another drop in mortgage arrears and possessions for owner occupiers – although an increase for some elements of the buy to let sector.  UK Finance data for the second quarter of this year shows there were 76,740 homeowner mortgages in arrears of 2.5 per cent or more of the… Source: Estate Agent News

Transactions slump 6% in prime London, says LonRes

LonRes says transactions in prime locations in London dropped another six per cent when the second quarter of 2018 is compared with the same period of last year. LonRes splits its analysis of central London into three zones – Prime Central London, Prime London and Prime Fringe, defined by different postcodes.  Prices… Source: Estate Agent […]