Cedar House, Caen St, Braunton EX33 1AH

10th September 2020

New Covid clampdown will push people to sell says leading agent

A leading agent says the government’s new Coronavirus clampdown from Monday will push more home owners to sell. Caspar Harvard-Wills, a partner at the London agency Black Brick, says the latest restrictions will focus the minds of many unhappy at spending what may be a very challenging winter in their existing homes.  He believes... Source: Estate Agent...

Record leads for OnTheMarket driven by ‘New & Exclusive’

OnTheMarket has this morning announced record leads during August, beating July’s previous record. The portal generated over two million leads in August, an increase of 64 per cent year on year, with an average of 149 per advertiser.  Visits to the site again exceeded 27.5m for the month.  This continues the trend over the... Source: Estate Agent...

Business Interruption Insurance: date set for court case result

Agents involved in a test case over their Business Interruption insurance will know the result next Tuesday morning. The test case concluded in July after eight days, and involved a sample of 17 insurance policy wordings, collected by the Financial Conduct Authority. The FCA brought the test case against eight insurance companies... Source: Estate Agent...

Profits and revenue slump for Winkworth as franchise interest slows

Franchise giant Winkworth has reported an 11 per cent drop in gross revenue and profit plummeting 20.2 per cent in the first half of this year. Sales income across the network fell 17 per cent, Central London business dropped 27 per cent, and on a wider basis the company says “we... Source: Estate Agent...

High-end agency launches auctions to hedge bets in uncertain market

Knight Frank has launched an auction business to give vendors a wider range of sale options as market uncertainty remains because of the pandemic.  The division will be led by Richard Watson; appointed as head of auctions at Knight Frank this year, he was formerly at the BidX1 and Allsop auction businesses. A... Source: Estate Agent...

Stamp duty surcharge – details emerge for non-resident purchases

The government has published draft legislation giving further details on the two per cent stamp duty surcharge on non-residents purchasing residential property in the UK.  As expected the government has confirmed that from April 1 2021 the surcharge will apply to non-UK resident companies, trusts and individuals who have not been... Source: Estate Agent...

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