• Cedar House, Caen St, Braunton EX33 1AH

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Purplebricks claims 4% market share but admits revenue stays flat

Purplebricks has this morning released a brief and relatively downbeat trading statement to the City and its shareholders. The statement applies to the six months to the end of October and reads: “During the period, there was a weakening in the overall UK property market as political and economic uncertainty impacted confidence, reducing… Source: Estate Agent […]

Agent fined £30,000 for failing to tell buyer of Grenfell-style cladding

An estate agency has been fined £30,000 for waiting until minutes after the sale of a flat was completed to tell buyers that cladding on the outside of the building contained Aluminium Composite Material. This was similar to the material found on Grenfell Tower. The sale in question was of an apartment… Source: Estate Agent […]

Breakthrough as agent sells apartments without ground rents

A London estate agency says a new scheme of apartments being launched for sale this weekend will be the first ever in London where buyers will not have to pay ground rent. Stone Real Estate says the apartments in question are part of a 72-unit development in Stoke Newington. Newington Gate will… Source: Estate Agent […]

30 sellers to each buyer if Corbyn wins, predicts anti-Labour agent

A stridently anti-Labour estate agent has launched a stinging attack on the Opposition’s policies and has issued a stark warning of what a Jeremy Corbyn-led government would mean for the housing market. Trevor Abrahmsohn, head of north London high-end agency Glentree Estates, says some middle and upper middle class voters are… Source: Estate Agent News

Reapit’s new platform “to take away manual grunt work” from agents

Reapit has launched a platform, cloud infrastructure and marketplace called Foundations which aims to provide “all the PropTech solutions” for agencies’ existing activities and future growth. In front of 400 attendees in London – including a string of estate agencies, PropTech firms and portals Rightmove and Zoopla – senior Reapit figures… Source: Estate Agent News

Online agency’s reason for low volumes (it’s not Brexit or stamp duty)

An online agent claims to have the answer to why fewer people are buying and selling these days. It’s not Brexit, stamp duty or even the cost of moving – apparently they’re too stressed. Yopa says its “shocking” findings show that 60 per cent of people questioned in a survey it commissioned… Source: Estate Agent […]

Leading agent slams “pitiful” government record on affordable housing

One of London’s leading estate and lettings agents has criticised the government over what he calls its “pitiful” record on affordable homes. Marc von Grundherr, director of Benham and Reeves, describes the relatively low number of new affordable and social-sector homes as “the smoking gun behind the UK’s housing crisis.” “Just 60,000… Source: Estate Agent […]