• Cedar House, Caen St, Braunton EX33 1AH

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Market stalls in south of England cities but north begins to boom

The average house price growth across southern cities is running at the lowest level recorded since January 2012, according to Zoopla.  Prices grew by just 0.7 per cent in southern cities in the 12 months to June 2019. House price movements in southern cities ranged between growth of 2.0 per cent in… Source: Estate Agent […]

Countrywide now “beyond salvation” says former chief executive

Countrywide is now “beyond salvation” according to former chief executive Harry Hill. The industry veteran, who also founded Rightmove, made the remark on Twitter after seeing a long and highly critical Sunday Times article about the troubled agency group, which on Wednesday reveals its trading performance for the first half of… Source: Estate Agent News

Flipping Well: buy and sell within a year makes £30k on average

Those who bought and sold the same property in 2018 made an average of £30,150 – but the number who do ‘flip’ homes has plummeted by historical standards.  An analysis by Hamptons International shows that the number of homes sold more than once within a 12-month period has fallen dramatically since… Source: Estate Agent News

Property Jobs Today – we reveal who’s in and who’s out

Hello and welcome to the start of a new week and a new Property Jobs Today column, bringing you the industry’s key moves. Everyone here contacted us on press@estateagenttoday.co.uk to let us know what’s happening in their company – please do the same and you could be featured here next week. – Unless… Source: Estate […]

Up! Up! Up! UK house prices rise £11 a day … but London prices drop

British homes have increased in value by an average of £11 per day since the beginning of the year, but with huge regional variations. The data, from Zoopla, says that for the UK as a whole £2,046 has been added to the value of the average home in the first six… Source: Estate Agent News

Equity release firm woos downsizers with claims of record high wealth

An equity release provider says there is now £382 billion worth of equity available within older homeowners’ properties following recent house price rises.  The figures, produced by Canada Life and based on UK property homeownership numbers and the latest Nationwide house price index, reveal that the amount of equity available to… Source: Estate Agent News

Rightmove: agency numbers fall 3% but profits and revenue soar 10%

Rightmove’s half year figures this morning continue to show strong growth in profits and revenue – but there are the first signs of declining membership. Overall membership numbers were down 1.0 per cent since the start of the year, with agencies down 3.0 per cent – those who de-listed were described… Source: Estate Agent News

Foxtons sales slump another 10% as agency says ‘lettings are our priority’

Foxtons’ sales slumped another 10 per cent and its total revenue dropped another 3.5 per cent according to figures released this morning based on the first half of 2019. The key figures are: – group revenue down 3.5 per cent to £51.1m (2018: £53m); – pre-tax loss of £3.2m (2018: £2.5m); – sales revenue… Source: […]

Agents charge average 1.2% but highest hits 2.9% says comparison website

Some estate agents are charging as much as 2.9 per cent commission according to a survey by comparison website GetAgent. While the average across the UK is a more modest 1.2 per cent, GetAgent says the highest percentage fees are not to be found in London as one might have expected,… Source: Estate Agent News

New portal snaps up early PropTech listings site Nethouseprices

One of the earliest property websites, nethouseprices.com, has been acquired by fledgling property portal OneDome.  Nethouseprices was set up in 2004 and is regarded as a pioneer amongst free to list portals. It specialised in providing sold property prices recorded in England and Wales, using data from the Land Registry. It… Source: Estate Agent News