Cedar House, Caen St, Braunton EX33 1AH

17th May 2018

Worth a cool £16m – the teenager running an online agency

Akshay Ruparelia, the teenager who set up the Doorsteps online estate agency only 18 months ago, is now reported to be worth some £16m. The 19 year old set up the site in late 2016 using a £7,000 loan from family members.  He raised over £500,000 last summer in a crowdfunding exercise,... Source: Estate Agent...

Foxtons gives very gloomy trading update for sales and lettings

Foxtons has this morning given a gloomy trading update to the City and shareholders. In a statement issued at 7am it says: “Conditions in the London property market remain very challenging with sales volumes lower than prior year.  “Foxtons entered 2018 with a lower sales pipeline compared to the same point last... Source: Estate Agent...

Ombudsman: fewer complaints about sales but lettings disputes soar

The Property Ombudsman has issued its annual report for 2017 and there’s good news for the estate agency side of the industry - formal complaints resolved by TPO regarding sales issues showed a 16 per cent drop on the 2016 figure. The actual number of complaints received by the Ombudsman, Katrine... Source: Estate Agent...

Corruption crackdown: RICS wants members to sign honesty pledge

The Royal Institution of Chartered Surveyors is consulting members on the creation of a personal statement which they must sign to indicate their opposition to corruption.  Members have until the end of July to give their views on the pledge statement, which requires agents and other members of RICS to agree... Source: Estate Agent...

Double whammy! Two top Property Press Awards for EAT's editor

Graham Norwood has scooped two accolades in the prestigious Property Press Awards for his work on Estate Agent Today and Letting Agent Today. He won the Property Trade Magazine Journalist of the Year award, based solely on his editorship off EAT and LAT; he also won the Property Commentator of the... Source: Estate Agent...

Foreign buyers may shun UK because of tax changes – claim

A new report suggests Capital Gains Tax changes coming into effect next year are worrying a large majority of wealthy overseas buyers considering investing in UK homes. Under the changes which come into effect in April 2019, non-resident investors will pay Capital Gains Tax when they sell their ‘additional’ UK homes... Source: Estate Agent...

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