Cedar House, Caen St, Braunton EX33 1AH

27th August 2019

Purplebricks may launch new fee structure as it admits "mistakes"

Purplebricks has revealed it is considering changes to its pricing structure to correct “mistakes” of the past. Chief executive Vic Darvey has told the Press Association news agency that the current flat fee model - £1,399 in London and £899 elsewhere - could be replaced by a more sustainable fee if... Source: Estate Agent...

Online firm wins £750k crowdfunding as it defies 'curse of Emoov'

Crowdfunding has been largely avoided by property companies for much of the past year following controversies surrounding Emoov’s fund raising - but now flat-sharing website ideal flatmate is dipping its toe in the water. It has invited potential investors to pre-register with the crowdfund platform Seedrs and it claims this has... Source: Estate Agent...

Third of London vendors slash asking prices pre-Brexit, says agency

The London market has “plummeted” because almost a third of vendors have cut their asking prices in anticipation of Brexit. Using data from the TwentyCi company, looking at the market in the capital up to August 20, the online agency Nested says that 29 per cent of those selling have dropped... Source: Estate Agent...

Auction numbers plunge as market slows dramatically

The Essential Information Group reports that the number of auctions held in the UK in July was just 107. This was 21 fewer than in July last year and 72 fewer than the record 189 held in 2008 and again in 2011.  “With fewer auctions held it is perhaps no surprise to... Source: Estate Agent...

Not-So-Grand Designs: Kevin McCloud's investors face huge losses

The Guardian has revealed that small investors lured into putting money into TV property guru Kevin McCloud’s eco-friendly housing projects - through crowdfunding and bonds - risk losing 97 per cent of their money.  The newspaper says between 2013 and 2017 McCloud “wooed investors with a string of fundraising schemes that... Source: Estate Agent...

This is it – the busiest week of the year for house moves

This is the busiest week of the year for house moves, with the single busiest day being Friday according to a consumer group. Based on figures from the government’s English Housing Survey there were 625,000 owner occupier moves in England in 2016-2017 or approximately 1,700 moves per day.  Amongst the months of the year,... Source: Estate Agent...

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