• Cedar House, Caen St, Braunton EX33 1AH

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Countrywide wins new deal with lenders to continue ‘turnaround plan’

In a trading statement this morning, Countrywide says it has “a new covenant package with lenders provides the financial flexibility to continue to execute the turnaround plan.” Few details are being made public but the statement says: "The Group’s lenders remain supportive of the business and the amended covenant package provides… Source: Estate Agent News

Connells says it's UK's most successful estate agent despite profits dip

Connells Group has this morning announced a profits dip for the first six months of the year.  Its pre-tax profits were £26.2m (2018: £28.9m), although it insists this was “a strong performance” against the backdrop of a UK housing market that continues to be subdued and where overall transaction numbers remain… Source: Estate Agent News

Agents beware as council cannot take search queries for six weeks

A local authority in the Home Counties says it will not be possible to accept search queries for six weeks starting tomorrow. Surrey Heath council says it is changing its database software: the task, even if it runs to time, will take until mid-September, with local land charges and building control… Source: Estate Agent News

PropTech Today: Keller Williams proves transformation comes from the top

Keller Williams continues to drive culture, mentality, and process transformation by partnering with DocuSign to enable electronic signatures. It’s another lesson in patient digital transformation that all agencies should be mimicking. Keller Williams is the biggest estate agency in the world, by number of agents, and the biggest in America when judged… Source: Estate Agent […]

Prime Central London housing gloom may be lifting at last

There may be signs that the gloomy housing market which has hit Prime Central London for some years may finally be lifting – at least a little. Property investment consultancy Central London Portfolio, which publishes a regular and well-respected snapshot of the market, says average annual prices in PCL in June… Source: Estate Agent News