Cedar House, Caen St, Braunton EX33 1AH

May 2018

Recently-purchased Humberts announces new management structure

The new owner of Humberts has announced the new management structure of the rural estate agency which he bought out of administration. Last week, it was revealed that luxury holiday operator Natural Retreats had purchased Humberts following weeks of speculation surrounding the 176-year-old agency's future. In a note sent to staff, Humberts'... Source: Estate Agent...

Asking price reductions on the rise as market loses momentum

Property sellers in the South of England are having to accept asking reductions in order to achieve a sale.  Data from Hometrack shows that sellers in London, Oxford and Cambridge are accepting average discounts of up to almost 5% to get a deal over the line. The gap between asking prices and... Source: Estate Agent...

Buyers are overpaying the stamp duty surcharge, says national agency

National estate agency Jackson-Stops claims that the 3% stamp duty surcharge on additional homes is still confusing buyers, despite being in operation for over two years. The firm says that the most common reason for buyers overpaying their stamp duty bill is due to misunderstanding of the 3% surcharge. The additional stamp... Source: Estate Agent...

Housing association launches online agency with full-service option

A housing association has launched its own online agency which offers to sell vendors' homes for £275. Capsel Homes, based in Mamhilad, is part of Monmouthshire Housing Association and will cover the whole of the South East Wales region. The online package includes a Rightmove listing, social media listing, For Sale board... Source: Estate Agent...

GDPR Weekly: How often should you ask customers to update preferences?

The General Data Protection Regulation (GDPR) - which replaces the Data Protection Act 1998 - has now become effective and is something which all businesses are expected to comply with. The new system has now been formally introduced, but this is just the beginning. Going forward, agents will still need to... Source: Estate Agent...

Portals' apathy for virtual viewings is stifling consumer engagement

A leading agent has urged major portals Rightmove, Zoopla and OnTheMarket to feature virtual viewings content more prominently on their platforms. Writing for Estate Agent Today as part of his Agents' PropTech Toolshed series, Kristjan Byfield says that the portals have shown apathy towards promoting virtual viewing technology as part of... Source: Estate Agent...

Estate agent threatened with legal action over fundraising banners

An estate agency has been threatened with legal action by its local council for displaying fundraising event banners above its office. Country Properties in Ampthill, Bedfordshire, has been displaying fundraising event banners for more than 30 years.  Central Bedfordshire Council has asked the firm to take the banners down 'immediately', saying there... Source: Estate Agent...

Broken chains are biggest cause of fall throughs, costing buyers millions

Breakdowns within property chains are the most common cause of fall throughs, according to a new study. Over the last ten years, almost a third of people who have had an offer on a property accepted have seen the deal fall through before completion. More than two fifths of these people said... Source: Estate Agent...

Agent transaction solution to go 'global' after raising £3m

A PropTech startup which claims to revolutionise the speed at which property transactions can be processed has officially launched this week. When You Move has also reported funding of £3 million and has revealed plans for 'global launches' thanks to its 'international scalability'. The agent and conveyancer-facing platform aims to speed up... Source: Estate Agent...

Which occupation can afford the most homes in the UK's major cities?

A study of house price affordability has revealed that train drivers can afford a greater proportion of homes in the UK's major cities than other professions including police officers, teachers and social workers. The Office for National Statistics' latest Survey of Hours and Earnings places train drivers' average annual salary at... Source: Estate Agent...

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