• Cedar House, Caen St, Braunton EX33 1AH

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UK agency commission amongst lowest in world, new survey shows

UK estate agency commission levels are amongst the lowest in the world according to a league table compiled by an international property consultancy. Moscow-based Tranio has researched 20 broadly free-market economies and found that the UK is one of the lowest-priced for consumers. Figures are inevitably broad-brush – Tranio gives the UK… Source: Estate Agent […]

London council wants to levy first-ever mansion tax on high-value homes

A Conservative council in London says it is to be the first local authority in the UK to levy a voluntary mansion tax on high-value homes – and it is lobbying the government to be able to make the charge mandatory. Westminster council says the optional charge would be open to… Source: Estate Agent News

Independent agents' group CIELA nearly (but not quite) scrapped

The long-running saga of whether independent agents’ group CIELA is ever going to launch appears to be nearing its end game with a statement from one of the organisers that “insufficient membership has been achieved for a full launch.” Software entrepreneur Charlie Wright and the group’s secretary Samantha Westlake have been… Source: Estate Agent News

Foxtons founder's home soon to be worth a reported £100m

Jon Hunt, the billionaire founder of Foxtons, has come out on top in his bid to dig down -  he has won a planning battle to build a mega-basement in his London home, designed to house his collection of classic cars. Hunt has been given the go-ahead after he appealed to… Source: Estate Agent News

Reform high-end stamp duty and whole market would benefit – top agent

If the government slashed stamp duty for the country’s most expensive properties the entire housing market would benefit, an estate agency chief claims. Nick Leeming, chairman of Jackson-Stops – formerly known as Jackson-Stops & Staff – says: “Prohibitive levels of stamp duty land tax have been a real drag on the… Source: Estate Agent News