• Cedar House, Caen St, Braunton EX33 1AH

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Buying agent says 'guide prices' confuse valuations and purchasers

As the Easter sales weekend kicks off, the head of a prominent buying agency says estate agents confuse the true valuation of a home by attaching ‘guide prices’ or by calling for offers ‘in the region of’ or ‘in excess of’. James Greenwood, managing director of Stacks Property Search and Acquisition,… Source: Estate Agent News

Trouble ahead thanks to older home owners, lenders warn

Gross mortgage lending is set to reach its highest level since 2007 despite Brexit, says the Intermediary Mortgage Lenders Association. But its latest annual forecast document says that the market continues to be challenged by a combination of a shortage of properties, very low levels of turnover and obstacles to both… Source: Estate Agent News

Ombudsman scheme launches online training on CPRs for agents

The Property Ombudsman has launched an online training module which it describes as the first of its kind.  The interactive module – which is open to TPO members only – provides training to the desks of front-line agency staff to help them understand the requirements of TPO’s Codes of Practice and… Source: Estate Agent News

Chairman of major agency was trampled to death by his own horses

The chairman of Chancellors was trampled to death by his own horses after taking them out for a carriage driving exercise, an inquest has heard.  The Oxford Mail reports that James Scott-Lee had been on a seven mile ride with two of his horses and his horseman and the horseman's wife… Source: Estate Agent News

Holiday home sales holding up according to estate agency's figures

Holiday home sales in one of the country’s most popular tourist destinations are holding up, despite stamp duty and the age of austerity. Figures prepared for the Daily Telegraph by Hamptons International show that back in 2010 seven per cent of properties bought in Cornwall were second homes.  In 2017 – despite the three… Source: Estate Agent […]

Franchise model well-suited to challenging market, says leading agency

Winkworth, the agency which released its 2017 results this morning, says the franchise business model it supports is more resilient than others to the market changes seen in recent years. “Our franchisees have been able to achieve average turnover of almost £500,000 per office, well above the average turnover of our franchise competitors”… Source: Estate Agent News

US TV considering news programme on Russia-UK property links

A US TV company is considering making a news programme about Russian involvement in property transactions in the UK and particularly London. The company, which at this stage does not want to be named, is making contact with property journalists in a bid to assess the scale of Russian ownership and letting… Source: Estate Agent News

PropTech Today: Is AI set to transform the world of property?

Last week, a story was published by CNBC about a couple who sold their home, for above the asking price, without any agent or online portal involvement.  Instead, they entrusted artificial intelligence (AI) with the job. The technology seems to have worked admirably. This case study tells us explicitly that AI… Source: Estate Agent News

PropTech products linked through suppliers' new strategic partnership

Industry suppliers Landmark Information and The ValPal Network have entered what they call “a strategic relationship” to provide the firms’ respective estate and letting agency clients with access to a range of each other’s products and services. Landmark clients will now be able to offer The ValPal Network’s services including instant… Source: Estate Agent News

Bright spark sets up agency to complement electrical business

The boss of an electrical company has set up a new estate and letting agency with the help of six-figure funding from Royal Bank of Scotland. Karl Price, who also owns Bolton-based PC Electrical (UK) Ltd, is the entrepreneur behind new agency Price & Co, also in Bolton. It will cover Westhoughton,… Source: Estate Agent […]