• Cedar House, Caen St, Braunton EX33 1AH

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Purplebricks claims UK revenue now double that of a year ago

Purplebricks' latest trading statement, issued this morning, claims "good progress" and says its revenue in the UK for the first half of 2017 is likely to have been double that of the same period in 2016. The hybrid agency, which has its AGM for shareholders today, says it now has some… Source: Estate Agent News

Vast majority of sellers say local branch staff are key to selecting agent

The vast majority of sellers surveyed by a consumer group say rapport with branch staff in a locally-based office is important when choosing an estate agency to instruct. Some 87 per cent say that rapport with branch staff is key choosing their agent while 52 per cent of sellers and 43… Source: Estate Agent News

London housing market may yet become a bubble, warns bank

UBS says London's housing market still faces the risk of becoming a bubble – although that risk has marginally eased over the past year. The bank's wealth management division's annual 'real estate bubble index' shows that London has the second highest risk of a bubble among the European cities in the… Source: Estate Agent News

Purplebricks says LPEs typically earn much more than high street agents

Purplebricks has launched something of a charm offensive to lift the lid on the experience and work of its Local Property Experts. The initiative comes two days after Estate Agent Today revealed research by comparison GetAgent suggesting that the areas covered by Purplebricks' LPEs were much greater than those covered by… Source: Estate Agent News

Countrywide renews long-term contract deal with ZPG

Speculation that OnTheMarket was courting Countrywide to list on its website after flotation may have suffered a setback following an announcement from ZPG that it had renewed a long-term agreement with Countrywide. “As part of the new agreement, Countrywide, which operates almost 1,000 estate and lettings agent branches across the UK… Source: Estate Agent News

Agents Do Charity – with your chance to win new funding too…

Every week we carry reports of how great causes are helped by individual agents and other property professionals – this week is no exception – but we also this time have opportunity to celebrate the great work of the TDS Charitable Foundation. It was established by the Tenancy Deposit Scheme to… Source: Estate Agent News

Purplebricks defends its Local Property Experts after website criticism

Purplebricks has issued a strong defence of its Local Property Experts after an agency comparison website’s analysis was critical of the hybrid company.    Yesterday we reported that GetAgent had analysed 10 traditional estate agencies and Purplebricks; for the traditionals it found that the nearest branch (with its local experts) was on… Source: Estate Agent […]

Hunters rules out going online but will emphasise new 'digital tools'

Hunters says it will not be following other traditional-style estate agencies by offering online-only services to sellers – but it will be emphasising how digital tools can help clients improve the service they receive from the company. Hunters’ chief executive Glenys Frew says she believes brand matters, and long-standing high street… Source: Estate Agent News

Broker linked to Purplebricks says traditional agents are in trouble

Peel Hunt, the City investment broker that has worked closely with Purplebricks, has issued an investment note to clients with a pessimistic outlook for traditional agents. “Weak transaction volumes, ongoing fee pressure, and the threat of losing a chunk of income from lettings fees continue to weigh heavily on the traditional… Source: Estate Agent News

Market confidence still not recovered from election, say building societies

Confidence in buying property remains negative according to the quarterly sentiment measure undertaken by the Building Societies Association. Over a quarter of respondents (27 per cent) do not agree that now is a good time to buy a property compared to just 23 per cent who do. Despite being in what many… Source: Estate Agent […]