• Cedar House, Caen St, Braunton EX33 1AH

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Nationwide predicts 'drag' on transactions and prices for rest of year

The Nationwide is warning that a slowdown in household spending is likely in the near future, leading to a ‘drag’ on house buying and house prices – and this is despite an unexpected increase in values over the past month. Robert Gardner, the Nationwide’s chief economist, says despite a surprising 1.1… Source: Estate Agent News

Another fall in prime London prices as Savills downgrades forecast

Prime London house prices are now 5.3 per cent lower than at the time of the EU referendum admits Savills, following another fall in prices in the past three months. Average prime London values dipped 0.9 per cent in the second quarter – they are now 6.9 per cent off their… Source: Estate Agent News

Entries open for ground-breaking ESTAS Conveyancing Awards

Entries for the new ESTAS Conveyancing Awards are now open and you have just over a month to get nominations in for what promises to be the sector’s premier awards event. The awards, sponsored by SearchFlow, follow the same pattern as the uniquely successful ESTAS awards for the estate and letting… Source: Estate Agent News

More interest-only owners selling up, claims equity release operator

Estate agents are increasingly helping customers who have been forced to sell their homes to pay off interest-only mortgages ahead of looming repayment deadlines, an equity release firm claims. A study of 104 estate agencies found over 40 of them suggesting the number of customers forced to sell to pay off… Source: Estate Agent News

The nine week wait: sales fall through because of slow searches

Estate agents are angry over delays in processing land searches by a local authority in the south west. The average land search time by West Dorset district council is a massive 45 working days whereas other search authorities within Dorset take an average of just four to 12 days – with most… Source: Estate Agent News

Online platform aims to cut house buying time to … just two days

A new PropTech venture aims to do what the ill-fated Veyo system failed to achieve -  creating an online platform bringing buyers, sellers, agents and conveyancers together to share information. The platform, called Track My Move, comes from a start-up company called Properr. It cannot be faulted for lack of ambition… Source: Estate Agent News

PropTech Today: UKPA, RICS and the vital need for open data

The UK PropTech Association (UKPA), of which I am a member of the steering committee, is an organisation with a purpose of representing and assisting companies and individuals who are active in the UK’s PropTech sector.  The aim is to promote engagement between tech companies and traditional property firms.  UKPA hopes to have… Source: Estate Agent […]

General Election hurt demand and house prices, admits NAEA

The National Association of Estate Agents says the General Election led to a drop in the number of registered house hunters per branch by eight per cent in May – and it  also reports a sharp fall in the number of homes selling above asking price. The NAEA says the number… Source: Estate Agent News

New LonRes product aims to boost flagging new build sales in capital

LonRes has launched a new product which it says helps developers and agents ensure maximum exposure to previously untapped buyers. A new section of the LonRes database – called ResDev – allows new build selling agents to promote schemes to LonRes subscribers who in turn can search for properties by location,… Source: Estate Agent News

Independent agents' group carrying on – for now at least

The group seeking to represent independent agents says a recruitment meeting scheduled for tomorrow is carrying on despite growing doubts about the future of the organisation.   The event – described as an opportunity to see how the group “plans to fix your industry’s reputation” – is being held at a central… Source: Estate Agent […]