• Cedar House, Caen St, Braunton EX33 1AH

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Portal Wars – OnTheMarket to demutualise and float on stock market

Agents’ Mutual has confirmed that it proposes to form a new company, OnTheMarket plc, to list on the AIM market of the London Stock Exchange – and that it will drop the one other portal rule.   It will seek to offer a minority stake to investors, raising around £50m of new… Source: Estate Agent […]

Corporates attacked for 'swallowing up' agencies with great pedigrees

Independent high-end estate agency Galbraith, which operates mostly in Scotland, says local knowledge is key to good customer service – and might be lost when smaller agencies are swallowed up by corporates.   In a statement released this week the agency says Brexit and tax issues have knocked the Scottish property market of… Source: Estate Agent […]

Purplebricks' shares stabilise as NAEA stays distinctly non-committal

The share price of beleaguered hybrid agency Purplebricks has recovered some of the ground it lost earlier in the week after a charm offensive on Twitter and the firm’s statement to shareholders.    On Wednesday the share price lost around seven per cent as the agency was the subject of a BBC… Source: Estate Agent […]

Falling living standards main cause of transactions slump – Economist

A detailed analysis of the UK housing market by The Economist suggest many reasons lie behind the slump in property transactions – and the main one may not be Brexit uncertainty, stamp duty or a shortage of stock.   Instead, says the financial publication, it may be squeezed living standards making people… Source: Estate Agent […]

Brexit pushing up prices of materials, warns builders' chief

A third of small building firms say that soaring material prices are squeezing their margins and almost a quarter have had to pass these price increases onto consumers, according to the latest research by the Federation of Master Builders.   Small and medium sized construction firms have reported a range of material… Source: Estate Agent […]

Agents Do Charity – the best foot forward edition…

Every week we remain in awe of the charity fund-raising undertaken by our industry – and often forgotten by those who knock agents and the property world.   Agents Do Charity is a modest attempt to right the wrong by publicising the industry’s efforts. Just let us know on press@estateagenttoday.co.uk and we… Source: Estate Agent […]

Newsflash – OnTheMarket to announce £50m stock exchange flotation

Sky News is reporting that OnTheMarket is to demutualise and list on the Stock Exchange.    The portal made much of its mutual status when it launched in 2015 but now Sky reports that it is tomorrow announcing an about face with a £50m floatation and a restructuring to change its status.   Sky… Source: […]