• Cedar House, Caen St, Braunton EX33 1AH

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Four agencies acted illegally in fee price cartel, says watchdog

The Competition and Markets Authority has provisionally found that four agencies broke competition law by taking part in a price fixing cartel. The firms, in Berkshire, have been named as Michael Hardy, Prospect, Richard Worth and Romans. They are accused of setting minimum levels of commission fees for the sale of residential… Source: Estate Agent […]

OnTheMarket converts just 1,000 branches from free to paid deals

Figures released from OnTheMarket this morning suggest that its conversion programme for agents shifting from free deals to paid membership is making slow progress. This conversion is regarded as being critical for the long-term profitability of OTM. Its statement this morning says: “A total of almost 1,000 branches have been signed under… Source: Estate Agent […]

Tricks of the trade: buying agent reveals tips for purchasers using portals

A buying agent has revealed how she advises potential clients to use portals when looking for a property to buy – and she insists that such websites are an aid, not a substitute for an exhaustive search.  Rachel Johnston of Stacks Property Search says buyers should set up carefully-organised searches on… Source: Estate Agent News

Damning report says Help To Buy helped many who didn’t need it at all

The National Audit Office says many users of Help To Buy would have been able to purchase a home anyway, without the scheme – and one in 25 of them have a household income over £100,000. Its latest report also says it’s impossible to conclude whether the scheme has actually been value… Source: Estate Agent News

Brexit-related uncertainty leads to big slump in high-end London sales

Knight Frank says Brexit-related uncertainty has curbed trading activity across all UK residential markets over the last 12 months – and in prime areas of London the most expensive homes, at £10m or more, have seen a massive 19 per cent drop in transactions. However, at the still more rarified sector… Source: Estate Agent News

Almost a million home sales lost to Brexit, new survey claims

New research by comparison website GoCompare suggests almost a million house sales have been lost because of Brexit.  The study claims that in the last three years, since the 2016 EU referendum, some 1.5m people have delayed the decision to move home.  When asked what caused them to put their plans on ice,… Source: Estate Agent […]