• Cedar House, Caen St, Braunton EX33 1AH

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'Downward pressure on fees' blamed for estate agency closure

Ten jobs have been lost with the closure of a long-standing north of England estate agency – with the downward pressure on agents’ fees and the state of the housing market blamed for the move. Allitt’s Estate Agents, with offices in Blackpool and Cleveleys, closed on Friday. A company spokesman told the… Source: Estate Agent […]

PropTech Today: Avoiding the Trough of Disillusionment

With more news of PropTech investment, this time with Spotahome and Nested, one can’t help but wonder if this boom period is close to its peak.  With so many companies offering so many, sometimes subtly, different solutions and disruptions, are we heading straight into the ‘Trough of Disillusionment’?  I think there’s one way… Source: Estate Agent […]

Platform allowing agents to 'rival Purplebricks' wins PropTech support

Two of the leading lights in the growing Proptech sector are now working with a company which has a product it claims allows traditional estate agencies to ‘take on Purplebricks.’ Hystreet offers a white labelled online estate agency platform which can be used by otherwise-traditional agencies to provide a Purplebricks-style hybrid… Source: Estate Agent News

Most London house prices falling in real terms, says Hometrack

London house prices are stuck in neutral according to the latest figures from property consultancy Hometrack, which says values in the capital have risen just 0.5 per cent in the past three months. With the Consumer Price Index measure of inflation running at 3.0 per cent, Hometrack says 85 per cent… Source: Estate Agent News

'Agents worried about 2018 should sell up now' advises analyst

An industry analyst says some agents may find it tough to survive in 2018 if they’re hit by a double whammy – a reduction in sales transactions and, eventually, the long-awaited ban on letting fees levied on tenants. In the latest analysis of the market in her Property Checklists newsletter, Kate… Source: Estate Agent News

Conveyancers are piloting HIPs-style 'Digital Home Reports'

The Conveyancing Association says some of its members are piloting HIPs-style Digital Home Reports in a bid to reduce fall-throughs and make house moves less stressful. In its initial response to the government’s ‘call for evidence’ on how to make the house moving process simpler and faster, the CA says it… Source: Estate Agent News

Guild launches marketing tool to lure vendors from rival agencies

The Guild and Fine & Country are launching what they call “an automated prospecting service” to enable members to target sellers who have instructed rival agents – asking them to reconsider their choice. Members can choose from a range of ‘trigger points’ during marketing: when these are hit, direct mail cards… Source: Estate Agent News

Here we go – your Spooktacular Halloween pics and videos

Thanks so much to those agents who rapidly responded to our shout-out for pics of your Halloween-decorated offices: the first ones are here already, with a week to go to the blood-spattered day.  We’d love to feature your office if it has some deathly displays or some Freddie Krueger corners -… Source: Estate Agent News

£36m investment for agency that offers a guaranteed sale price

Innovative London agency Nested has raised an additional £36m in funding – brining the total behind the company to almost £50m. Nested, launched in January this year, is an agency that provides sellers with what is effectively an advance of up to 97 per cent of their property’s value – they… Source: Estate Agent News

Conveyancers and searches in firing line of new government probe

Conveyancers and the speed of local council searches have come in for criticism as details have emerged of the government’s consultation on the house buying process.  The consultation – which we flashed at midnight Saturday here – was a surprise to many in the industry, not least because it was launched… Source: Estate Agent News