• Cedar House, Caen St, Braunton EX33 1AH

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Proceedings against ‘fees cartel’ agent dropped after he accepts disqualification

Proceedings against an estate agent at the centre of a fees cartel case have been dropped following his agreement not to stand as a director of any UK company for five years. Back in February we reported that the Competition and Markets Authority issued proceedings in the High Court seeking the disqualification of two… Source: Estate Agent News

Countrywide income falls again – but LSL restructuring 'showing results'

Countrywide has this morning revealed that group income is down yet again – it blames continuing Brexit-related problems. It says: “The ongoing uncertainties surrounding Brexit continue to weigh heavily on consumer confidence as a whole. For Countrywide, this uncertainty is affecting the residential and commercial property markets, particularly in London and… Source: Estate Agent News

It’s a drought! Supply of homes on sale hits early-spring record low

There may be rain outside but the housing market is now officially in a drought according to the National Association of Estate Agents. It says the supply of homes on the market at the start of the traditional sales season has been the lowest it has ever recorded. New figures just released… Source: Estate Agent […]

OnTheMarket offering more shares to long-term agency sign-ups

OnTheMarket has applied to the London Stock Exchange for the release of over 528,000 new shares to agents who have signed long term listings deals with the portal. The new shares will go live on Thursday if the exchange agrees. No details have been revealed as to the identities or numbers of… Source: Estate Agent […]

“Sales go on falling and falling” warns London property consultancy

Respected investment consultancy London Central Portfolio is warning that “sales go on falling and falling” across the capital, fuelled by Brexit uncertainty. It reports that transactions in Greater London saw a fall of 7.1 per cent in the first three months of 2019, which LCP puts down to Brexit.  It says this… Source: Estate Agent […]

High-profile ex-Zoopla director joins ‘insight’ firm used by many agencies

Mark Witherspoon, well known in the agency industry as the former data services director of Zoopla, has joined the TwentyCi company.  TwentyCi is used by agencies to provide performance data: in recent months EweMove, Fine & Country and Emoov's former owners have used TwentyCi or sister firm TwentyEA to promote their brands.  It also… Source: Estate Agent […]

Radical change to leasehold and Right To Manage urged by Law Commission

Consultation closes today on a Law Commission proposal to radically reshape leasehold and the Right To Manage. Right To Manage was introduced to give leaseholders control over the management of their buildings; leaseholders can set up a RTM company, which can acquire the landlord’s management functions.  Once the transfer occurs, the leaseholders become… Source: Estate Agent […]

Buyers 'should retain funds if homes are dirty on completion' lawyer says

A lawyer appears to be suggesting that ‘clean and tidy’ clauses be inserted into house purchase deals, allowing buyers to retain a sum if the property is left in an untidy state by the vendor. The Daily Mail cites Kerry Sharples, deputy head of residential property at Gorvins Solicitors in Manchester,… Source: Estate Agent News

Homes take a third longer to sell than two years ago – new figures

A property listings platform has revealed what it describes as ‘the best places to sell a home’ in England and Wales. The platform Home, working in association with quick buy company Quick Move Now, says Swindon and Strood are the best places to sell based on the lowest average time on… Source: Estate Agent News

New independent agents’ group links with reviews service

The new Federation of Independent Agents – scheduled to launch this week – has revealed a partnership with reviews platform Feefo. The FIA is putting a high emphasis on transparency and customer service for its members. Founder Graham Lock describes it as “a new federation with a modern mindset, dedicated to… Source: Estate Agent News