Cedar House, Caen St, Braunton EX33 1AH

4th September 2020

Watchdog launches probe into "unfair sales tactics" of leasehold homes

The Competition and Markets Authority is today opening enforcement cases focusing on the sale of leasehold homes by four leading housebuilders. They are Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey. The move comes after the CMA uncovered what it calls “troubling evidence of potentially unfair terms concerning ground rents in... Source: Estate Agent...

Conveyancing log-jam warning from Rightmove, despite faster sales

Rightmove is warning of a conveyancing log-jam that may delay sales, despite the ongoing frenzy of activity and faster transactions for some kinds of properties in some locations. “The conveyancing log-jam created by the pause and subsequent market surge means that people thinking of coming to market really need to... Source: Estate Agent...

Buyer beware? High numbers of purchasers disillusioned by process

Research by Zoopla has revealed the scale of the mistakes by and regrets for disillusioned home buyers. For large numbers of people the purchase of a home takes longer, costs more and causes greater stress than anticipated. Zoopla says the average property transaction takes 14 weeks to complete, with 62 per cent of... Source: Estate Agent...

A lot less: Houses at auction achieve 40% less than via private treaty

With estate agents increasingly offering auction options to vendors, new research makes interesting reading - and suggests that homes sold via auction achieve 40 per cent less than those sold via private treaty. Combining data on houses bought at auction in 2020 and official government house price data, the research shows that... Source: Estate Agent...

Prime house prices to fall across Britain despite mainstream market surge

In the week the Nationwide recorded the UK’s highest ever average house price, high-end agency Savills has forecast that prime markets across Britain will see falls in 2020. By year-end the agency says prime central London will have dropped 2.0 per cent and outer and suburban London by 0.5 and 1.0... Source: Estate Agent...

Agents Do Charity – and we’re back to school at last…

For many agents it’s been a big week…not because of the surge of buyers, but because their children have returned to school at last. So it’s fitting that one of our heartwarming stories this week concerns two agencies that have helped out. We’ve other reports of great work, too, as the... Source: Estate Agent...

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