Cedar House, Caen St, Braunton EX33 1AH

7th June 2018

OnTheMarket reveals financial losses but fast-growing agents and traffic

OnTheMarket’s first formal annual figures released since its flotation reveal losses in what it describes as its “transformational year” but also show growing numbers of member agents and traffic to the portal. Revenue was actually down in the most recent year to £16m from £17.8m the year before; there was an operating... Source: Estate Agent...

Uproar over new property portal claiming some agents as 'partners'

The entrepreneur behind a free-to-list property portal claiming support from 17 estate agencies has defended the description of them as ‘partners’ - but a furious dispute has broken out with many agents wanting nothing to do with the new site. Propertyheads was launched yesterday to the surprise of almost everyone in the... Source: Estate Agent...

Sales market – biggest rise in new listings for at least 18 months

May saw the highest number of new sellers list their properties in any single month for at least 18 months, claims an agency. The claim - made on the basis of figures from 100 major UK towns and cities - comes from HouseSimple which says 73,577 new properties were marketed by... Source: Estate Agent...

Portal data and weak pound help London agent target Chinese buyers

London estate agency Kay & Co says it is targeting Chinese buyers following research data produced by a portal. The China property portal Juwai says the UK is third - after the US and Canada - in the list of countries being seen as good investments by Chinese property investors.  Within the... Source: Estate Agent...

Latest survey of experts blames Brexit again for London market woe

A poll of housing market experts suggests London house prices are likely to fall this year as a result of Brexit uncertainty deterring buyers.  The survey of 30 specialists taken in May by news organisation Reuters predicts prices rising 1.7 per cent across the UK this year but falling 1.0 per... Source: Estate Agent...

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