Cedar House, Caen St, Braunton EX33 1AH

April 2017

'Star agent' hired to lead country firm's first prime central London office

Humberts - until now known as an agency operating predominantly in market towns across southern England - is opening a Mayfair office in a bid to secure some of the lucrative prime central London residential market. What’s more, the firm has recruited one of the country’s leading estate agents - David Adams -... Source: Estate Agent...

Firm offers online system for High Street agents to 'take on Purplebricks'

A firm is claiming to be allow high street agents to offer vendors an online sale services as well, without the expense of setting up their own separate digital platform. Hystreet says it wants to enter a market created by Countrywide, Connells and others who through investment and acquisition offer customers... Source: Estate Agent...

Rightmove reports another record high for asking prices

The price of property coming to the market has hit anoher record high, up 1.1 per cent over the past month according to Rightmove. The increase is equivalent to £3,547 and takes the average asking price for homes new to the market to £313,655, exceeding the previous high of £310,471 set... Source: Estate Agent...

Transaction volumes rally according to latest figures from HMRC

Property transactions rose marginally in March this year, up 0.5 per cent on February’s total according to figures from HM Revenue & Customs.  Even so March's seasonally adjusted figure is a whopping 40.9 per cent lower compared with the same month last year due to the surge in sales ahead of... Source: Estate Agent...

Over 200,000 long-term empty homes in England – and not only in London

England has 200,145 long-term empty homes according to an analysis of government figures by an investment company.  In London alone, there were 19,845 homes sitting idle for over six months in 2016 - that is £9.4 billion worth of property, taking into account the average price in London of £474,704 says... Source: Estate Agent...

Stamp Duty: no change imminent, predicts Communities Secretary

Anyone hoping that the General Election could herald an immediate change of heart by the Conservatives on high levels of stamp duty levied on more expensive properties may be disappointed by comments from Communities Secretary Sajid Javid. He told a meeting of the House of Commons’ Communities and Local Government Committee... Source: Estate Agent...

Strutt & Parker: local offices outside London 'may not be part of sell-off'

A well-informed industry article on the possible sale of Strutt & Parker to French bank BNP Paribas suggests that the deal, if it happens, may not include the firm’s 60 estate agency offices outside of London. Property Week says the much-rumoured sale of the historic estate agency - which we reported... Source: Estate Agent...

Regulator to probe lenders who offer just interest-only mortgages

The Financial Conduct Authority says it is to review lenders offering solely interest-only mortgages to home owners. In its business plan for the coming year it says: “Around 1.8m owners currently have outstanding interest-only mortgages (excluding buy to let), and many do not have an appropriate strategy to repay them. “We will... Source: Estate Agent...

Agencies round-up: Purplebricks, Harrison Murray, Heaton, and more

The aftermath of Easter and shock announcement of a snap General Election have done little to stop the industry making plenty of staff and other moves this week. Firstly one of the senior non-executive directors of Purplebricks, Nick Discombe, has sold 1.6m shares at £3 per share. After the sale he... Source: Estate Agent...

Agents Do Charity – the never-mind-the-ballots edition

There’s no sign yet that the snap General Election is distracting our industry from continuing its fine record of doing good work for others - perhaps quite the reverse. Everyone whose story we tell today let us know of their activities by emailing press@estateagenttoday.co.uk. If you do the same, we’ll be delighted... Source: Estate Agent...

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