• Cedar House, Caen St, Braunton EX33 1AH

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Purplebricks: investment website raises questions over its profitability

Investment website The Motley Fool says comparisons between forecast and actual profits reported by Purplebricks suggest the company’s position isn’t – in its words – “entirely rosy.” Motley Fool is a website on which different investment analysts put forward different opinions about stocks. Over the weekend, the investment analyst G A… Source: Estate Agent News

Industry criticism of Tories' "monumental mistake" in boosting Help To Buy

Figures in the property industry have sharply criticised the announcement made at the Conservative party conference to pump an estimated £10 billion extra into Help To Buy. As with existing HTB funding, the money will allow recipients to get a mortgage with a deposit of just five per cent – an… Source: Estate Agent News

Veteran agent loses employment tribunal after giving false evidence

An estate agent with a career of nearly 24 years has lost his employment tribunal after a judge ruled he gave false evidence. Nick Elgey, the former managing director of The Cumberland Estate Agency in Cumbria, was described as deliberately trying to mislead the court hearing the five day tribunal, with… Source: Estate Agent News

More London house price woe but UK market is stable – Nationwide

UK house price inflation is now running at a modest 2.0 per cent but London's housing market has recorded its worst annual performance for 12 years according to the Nationwide. The building society's chief economist Robert Gardner says that despite this, housing market activity – as measured by the number of… Source: Estate Agent News

NAEA figures suggest summer slowdown was no worse than usual

Figures just released by the National Association of Estate Agents suggest that the number of house hunters registered at agencies dropped to a 12 month low in August.  There were 343 per branch on average, down from July's 347 and June's 384. Meanwhile the number of properties available to buy on estate… Source: Estate Agent […]