Cedar House, Caen St, Braunton EX33 1AH

News

Foxtons: lavish praise from investment chiefs despite profits fall

Foxtons has received lavish praise from investment consultancy Jefferies despite long-term share price worries reflecting its mixed performance in the troubled London housing market. Earlier this month Foxtons reported to shareholders that in the year to the end of December its pre-tax profits fell from £41m in 2015 to £18.8m in... Source: Estate Agent...

Bigger than expected asking price surge – but market still cooling

The average asking price rise for homes coming to the market in the last month has been a chunky 1.3 per cent - the same as March 2015, when the market was being fuelled by frantic purchasing of buy to let property ahead of the stamp duty surcharge deadline. The data,... Source: Estate Agent...

Housing affordability? It's UN-affordability that is the problem…

Forget the popular term ‘housing affordability’ - the latest government figures suggest the real issue may be housing un-affordability. Data from the Office for National Statistics shows that on average working people could expect to pay around 7.6 times their annual earnings on purchasing a home in England and Wales in... Source: Estate Agent...

Public prejudice against online house sales is waning, insists agency

An online estate agency which says it could be the next Purplebricks says prejudice against internet property transactions is waning  “With Neil Woodford listing Purplebricks on the AIM market, Connells acquiring Hatched.co.uk, Savills investing in Yopa.co.uk, and Charles Dunstone / Roger Taylor having just invested £13m in HouseSimple, the on-line sector... Source: Estate...

Clients of agency and mortgage firm asked to come forward

Former clients of a Scottish estate and letting agency and mortgage company are being asked by a corporate insolvency firm to come forward. The company is SJM Mortgages & Estate Agents in Kirkcaldy - problems with its lettings side have been publicised in previous stories on Letting Agent Today. Concerns about the... Source: Estate Agent...

Mortgage market 'almost at pre-credit crunch best' claims broker

The number and range of mortgages being offered in the UK has almost returned to its pre-credit crunch level. That’s the view of Matt Cassar, the managing director of the Finance Advice Centre, who says the market continues to defy pessimists concerned about the economy and Brexit. Last year more first-time buyers... Source: Estate Agent...

Higher house prices mean fewer burglaries, insurance firm claims

New analysis shows what appears to be the correlation between rising house prices and falling burglary rates across the country.  The research, by Churchill Home Insurance, claims to show a direct correlation between property values and crime levels, with the counties experiencing the sharpest rise in property prices also likely to... Source: Estate Agent...

Agents Do Charity – the 'no U-turns here' edition …

It’s been a week dominated by an embarrassing U-turn in political circles. But when it comes to fund-raising, agents aren’t for turning... Here are more exploits by selfless agents and other property colleagues. To publicise your good works, or those of someone you work with, just email us at press@estateagenttoday.co.uk and... Source: Estate Agent...

Countrywide shares hit record low after bank downgrading

Swiss bank UBS has downgraded Countrywide’s status to ‘sell’ in a move which has prompted the troubled estate agency’s share price to tumble further on the London stock exchange.    In a note to investors UBS analyst Heidi Richardson says Countrywide is undergoing “structural headwinds.” She also suggests that the estate...

Guilty – agent admits 76 offences involving thousands of pounds

An estate agent will be sentenced next month after pleading guilty to 76 fraud offences.   The Get Surrey website reports that Ayodele Oladuti, 29 - living in south Croydon but working at an agency in Epsom, Surrey - photographed bank cards on his phone and took bank statements and other documents... Source: Estate Agent...

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