• Cedar House, Caen St, Braunton EX33 1AH

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Market boost as mortgage lending rises – with further to go

Gross mortgage lending reached a remarkable £246 billion in 2016 – that’s 12 per cent higher than the previous year and the highest annual gross lending figure since the economic downturn began in 2008.  The Council of Mortgage Lenders says that on a monthly basis, gross mortgage lending reached £20.4 billion… Source: Estate Agent News

Purplebricks share price at all-time high as traditional agents flounder

The stock market appears to be continuing its love affair with Purplebricks, as the hybrid agency share price rose once again yesterday to close at a record high of 193.00, which is a rise of around 6.6 per cent in one day alone. The price surge came after a Purplebricks tweet to… Source: Estate Agent News

Independent agents' group founder warns against online agencies

A founder of the new organisation seeking to be a trade body for independent estate and letting agents is warning that increased investment in and promotion of property technology could lead to the undermining of the traditional agency business model.  Donald Collins of Go View London – a firm which he… Source: Estate Agent News

10%+ prime London price cuts "not uncommon" says buying agency

Another agency says price reductions of 10 per cent or more are often found in some prime central London areas such as Kensington, Belgravia and Chelsea. Philip Eastwood, head of The Buying Solution – the buying arm of Knight Frank – says that these areas have had two years of quiet… Source: Estate Agent News

Agents Do Charity – for a hospice, the homeless, and for Harry…

It’s always a privilege to publicise fund-raising work by our industry, to show the caring nature of a profession that is often caricatured as selfish and venal. This week’s Agents Do Charity seems particularly touching, with money being raised to support a hospice, the homeless and a very sick young child…. Source: Estate Agent News

Zoopla claims 700 agency branches have returned from OnTheMarket

Zoopla Property Group says that in the last three months alone over 100 estate agency branches have returned to its portal having deserted OnTheMarket – with the ZPG announcement coming as OTM marks its second anniversary. ZPG says this brings the total number of branches that have returned to Zoopla and… Source: Estate Agent News

Agency selling home with a difference – all profit goes to charity

Winkworth estate agency in the west London suburb of Chiswick is currently marketing a home with a difference – because all profits from the property will be given by the vendor to local charities. Veteran charity entrepreneur Charlotte Grobien, who some 12 years ago set up the ‘Give it Away’ property… Source: Estate Agent News

Ex-Countrywide and LSL boss joins home-based agency franchise firm

A former Countrywide director is joining estate and lettings agency franchise group Homexperts as its operations director. Mike Gowland, who originally qualified as a chartered surveyor, has almost 30 years’ experience in the property industry. He has run his own estate agency, been the Yorkshire regional director for Countrywide, and is… Source: Estate Agent News

Agency's sales area has Versace carpets and Harrods windows

The Middle Eastern property development company Emaar – at one time the owner of Hamptons International estate agency – is using Harrods to publicise its homes on sale in Dubai, with the guidance of agents from central London company Harrods Estates. The windows and second floor of the world famous Harrods store at… Source: Estate Agent News

PropTech: voice control software to be introduced for sales apps

The property marketing company Pelican Media is preparing to launch what it claims is the industry’s first voice control software across its range of marketing and sales apps. Negotiators or new-build homes marketeers using the apps will be able to speak to the devices, issuing instructions and making requests to satisfy… Source: Estate Agent News