• Cedar House, Caen St, Braunton EX33 1AH

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Purplebricks fakes some price reductions, agent claims in The Times

An estate agent who operates an online blog has told The Times that Purplebricks has faked price reductions. Other tricks which the agent reveals about the agency industry as a whole include portal juggling – that’s the fake or repeated listings of properties – and sometimes even listing details of completely false properties. Purplebricks is named in the… Source: Estate Agent […]

Over 40 jobs at risk as agency chain plans to shut four branches

Local media in the east Midlands report that four estate agency offices operated by the Nottingham building society are to close – three of them in the town of Northampton. The Northampton Chronicle and Echo website says that over the past five years the society has increased its number of branches… Source: Estate Agent News

Foxtons: front-office headcount under review as branch closures save £3m

Foxtons has revealed that its six branch closures announced towards the end of last year will save the company £3m in 2019. The company has reiterated its previously-published view that no further branch closures are considered necessary but in the agency’s annual report, published in the past 24 hours, chief financial… Source: Estate Agent News

“Pathetic” government pledge mocked by leasehold expert

Almost as soon as the government yesterday made its latest announcement to outlaw rogue leasehold deals, the measure was branded “pathetic. More than 40 property developers and freeholders, including Taylor Wimpey and Barratt Homes, have signed a government pledge committing them to doing away with onerous ‘doubling clauses’ that can result… Source: Estate Agent News

New portal bids to cut fall-throughs by offering ‘mortgage passport’

The new portal OneDome is offering what it calls a “consumer-facing digital mortgage product” in a bid to cut fall-throughs. OneDome already has a partnership with the Mortgage Advice Bureau and says its mortgage passport is a way of buyers indicating to vendors and selling agents how far they have progressed… Source: Estate Agent News

London and Home Counties agencies quiet on possible acquisition

There’s been no formal confirmation that London agency Dexters has acquired the London and nearby offices of Jackson-Stops, as has been rumoured. Jackson-Stops has 46 offices nationwide, each run under the brand name by licensees as their own businesses, but the speculation suggests that its just the London and Surrey offices… Source: Estate Agent News

Agents Do Charity – and no indicative votes required…

One thing’s clear in the ongoing mess surrounding Brexit – a lot of people are simply putting their head down and getting on with life, including moving house. And agents, when not in their day job, are getting on with raising funds for good causes too, a fact that we’re happy… Source: Estate Agent News

UK agents 'charge lowest commission anywhere in EU' says new research

UK estate agents charge the lowest commission in the European Union according to new research from a comparison website. Despite high levels of criticism from online estate agents and new For Sale By Owner services, the percentage charged in the UK – estimated at an average of 1.2 per cent by… Source: Estate Agent News

Countrywide's share price dips to lowest-ever level – under 8p

Countrywide’s share price dipped to its lowest ever level yesterday, below 8p before recovering a little ground later in the day. The price fell to 7.85p around midday, although analysts have not suggested this slump could be put down to any one particular factor. The troubled agency group’s share price did not… Source: Estate Agent […]

Crunch Time! OnTheMarket says agents should make portal choices soon

Many estate and letting agents are receiving more leads through OnTheMarket than through Rightmove, the challenger portal claims – and it warns that it's almost crunch time for agents wanting to consider reducing portal costs. In a statement giving testimonials from five OTM member agencies, the portal says this provides evidence… Source: Estate Agent News