• Cedar House, Caen St, Braunton EX33 1AH

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Rightmove introducing deferred payment scheme for some agents

Rightmove is offering some of its agents a deferred payment option. An announcement this morning says: "While sales agreed pipelines have strengthened following a busy start to the year, cash flow issues may become a challenge for agents until sales recover again and they work their way through to completion.  Rightmove will… Source: Estate Agent […]

Countrywide loses two-thirds of market cap in just two days

Countrywide shares fell by just over 30 per cent yesterday as the stock market blood-letting continued for property stocks. The value fell 30.86 per cent as trading closed on Tuesday afternoon, following a 50 per cent fall for the agency on Monday; to cap it all, the company then chose to announce that… Source: Estate Agent News

OnTheMarket should use virus stoppage to reset strategy – top analyst

The current market crisis caused by Coronavirus should present OnTheMarket with an opportunity to pause its existing strategy, talk to agents and regroup. That’s the view of a leading analyst, Antony Codling, who has been conducting a study within the agency industry into the future of OTM following the dramatic sacking… Source: Estate Agent News

Guidance on home working, staff rights, security – Conquering Corona

Good morning and welcome to the industry’s daily update on how we cope with the challenge of social distancing and self-isolation – and still keep customers in place. We have more guidance and advice from within the industry set out below, but we would love to share your experiences during these… Source: Estate Agent News

Let’s work together: Call for councils and search firms to cut virus risks

A trade group wants councils and search companies to co-operate more closely during the virus to minimise delays to the remaining buyers and sellers pushing through deals. The Council of Property Search Organisations, the trade body for the property search industry, says it should be possible to have closer co-operation and… Source: Estate Agent News

Today’s good news… the final ESTAS awards shortlist has been revealed

In these uncertain times it’s good to report positive news – ESTAS, the customer review and awards platform, has announced its final shortlist for this year’s awards.  The People Awards, sponsored for the second year running by PropTech firm PayProp, is a special category which puts the spotlight on individual staff… Source: Estate Agent News

Surveyors’ firm wound-up after lying to clients over success rate

A surveyors’ firm has been wound up after courts declared that it had misled clients over the success of its core business activities. Ellis and Co Surveyors Limited, based in Stretford, Manchester, was wound-up on Monday at the High Court in Manchester and the Official Receiver has been appointed liquidator of… Source: Estate Agent News

New Countrywide Calamity – top exec quits before he even joins the firm

It's been revealed this evening that Bruce Marsh, who was to become Countrywide's chief operating officer, is now not going to join the troubled agency group. A statement from Countrywide to its shareholders, issued after stock market trading closed and during the latest government news conference on the Coronavirus crisis, said:… Source: Estate Agent News