Harding Green, an agency with a business model based on freelance associates earning commission of up to 70 per cent, says it has had over 100 approaches from potential recruits leading up to its launch. The agency was first announced in September and moves into permanent premises in Kensington in around six... Source: Estate Agent...
January 2018
The Property Franchise Group’s trading statement this morning reveals a huge 23 per cent rise in revenue for 2017 - £10.2m against £8.3m in 2016. The PFG branch network now consists of 403 outlets - 283 traditional brands and 120 for hybrid agency EweMove. Over the past year it has recruited six new... Source: Estate Agent...
PropTech companies Gazeal and GetMeMoving have teamed up in a partnership which they claim goes some way to meeting the government’s ambition to make the conveyancing and house moving processes quicker, easier and cheaper. Gazeal is a lock-out product backed by title indemnity insurance; it can legally bind both buyer and... Source: Estate Agent...
Demand for homes fell by 20 per cent year-on-year in December. There were 268 prospective home-owners registered per NAEA member branch, down from 333 in November. The latest market report from the National Association of Estate Agents says that, echoing this, the number of sales agreed per agency branch fell to five... Source: Estate Agent...
I have high expectations for this year’s PropTech events and property conferences. Those that I attended in 2017 demonstrated a real step forward in our industry’s understanding of how to thrive in a digital world. They were well attended, well curated and increasingly diverse in their vision. For the first time, I... Source: Estate Agent...
The Mortgage Advice Bureau says early evidence suggests typical first time buyers are now spending more following the effective scrapping of stamp duty for first timers announced in November’s Budget. MAB says some parts of the country are showing “noticeable increases” in the prices paid by first timers. For example, average first...
Savills has amended its website concerning auctions after a complaint to the Advertising Standards Authority. The complainant challenged whether the listed guide prices were misleading. A spokesman for the ASA told Estate Agent Today: “We contacted the advertiser with these concerns. It made changes to the ad which we considered made the... Source: Estate Agent...
Homes for sale in some parts of inner London are seeing price discounts of up to 10 per cent says Hometrack - and transaction volumes in England and Wales are over 14 per cent down on a year ago according to the Land Registry. Starting with Hometrack, the consultancy says that... Source: Estate Agent...
ZPG says it anticipates a strong 2018 according to a trading statement ahead of the company’s annual general meeting today. The firm - which now has Zoopla and PrimeLocation portals, uSwitch, Money, and Hometrack amongst its services - says it has made a good start to the year. Websites and mobile apps attracting 53... Source: Estate Agent...
The costs of the majority of mainstream mortgages increased in the final three months of last year. The news comes from mortgage technology company Mortgage Brain, which says that as of this month for example, the cost of a three year fixed rate mortgage with a 60 per cent loan to... Source: Estate Agent...