• Cedar House, Caen St, Braunton EX33 1AH

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LSL warns over Coronavirus as takeover talks with Countrywide continue

LSL Property Services says the Coronavirus crisis has led to a softening of "lead sales indicators" – and it warns of possible “headwinds” for the business this year. In a statement to shareholders today it says: “Whilst we have been encouraged by the residential property market conditions to date in 2020,… Source: Estate Agent News

Rightmove growth at all-time low, despite its market dominance

Rightmove’s growth rate is at an all-time low, despite what some consider to be an unbeatable lead amongst portals in the UK. That’s the view of Mike DelPrete, former head of strategy at a New Zealand portal and a long-standing analyst of estate agencies in the UK and the US. In a new analysis… Source: Estate Agent […]

What should OnTheMarket do now? An analyst wants to know…

Prominent agency industry analyst Anthony Codling is asking agents whether the board of OnTheMarket did the right thing by firing Ian Springett. Codling – a prominent analyst formerly at investment bank Jefferies – has issued a 10 question survey asking agents questions including whether they believe OTM was correct in yesterday’s… Source: Estate Agent News

NAEA to take US PropTech in landmark deal with realtors’ group

The National Association of Estate Agents has announced that it’s to offer US PropTech solutions to UK agents. The REACH programme has been created by the investment arm of the huge US National Association of Realtors; the PropTech already operates in Canada and Australia and now the United Kingdom too.  REACH UK… Source: Estate Agent […]

OnTheMarket not revealing pay-off for sacked Ian Springett

OnTheMarket is not responding to requests to reveal details of any pay-off for its chief executive Ian Springett, who was sacked by the portal’s board yesterday morning with immediate effect. OTM yesterday declined to respond to press enquiries about the likely financial settlement, which is unlikely to be revealed in full… Source: Estate Agent News

New housing minister’s home has a roof “that leaks like a sieve”

Housing minister Christopher Pincher, who has been in the role for less than a month, has revealed that his home is an example of what he calls “bad design” – and he wants today’s homebuilders not to repeat the mistake. Pincher, addressed a planning conference, suggested that delegates might be wondering… Source: Estate Agent News