Cedar House, Caen St, Braunton EX33 1AH

October 2020

Market boom to carry on into 2021 as mortgage lending soars

The housing market boom looks set to continue for some months yet as mortgage approvals for home purchases hit their highest level for 13 years. The latest Money & Credit report from the Bank of England shows approvals are now 10 times the level seen during lockdown, and at their highest... Source: Estate Agent...

OnTheMarket hands shares to agents on full-tariff long-term deals

OnTheMarket has handed out more shares to agencies signing long-term agreements with the portal. It was almost three years ago that OTM, then led by controversial chief executive Ian Springett, adopted a strategy to persuade agents to sign up for long-term full-tariff deals with shares in the company as an incentive. Since then... Source: Estate Agent...

Drastic consequences if stamp duty holiday ends in March – agents’ chief

The housing market’s recovery will be threatened with drastic consequences for buyers and sellers if the stamp duty holiday isn’t extended beyond March 31 next year. That’s the warning from Mark Hayward, chief executive of NAEA Propertymark. “This boom has been hugely beneficial for the housing market; however, with a stamp duty cliff... Source:...

What do London buyers want? Agency says it has the answers

A London agency says it's discovered the five key priorities that buyers want, following a survey of its own database. “Lockdown and the continued challenges presented by the global pandemic have undoubtedly changed the way homebuyers think and act. We are noticing some quite significant shifts in mindset when it comes... Source: Estate Agent...

Agents Do Charity – Fangs for all your good work…

It’s Halloween time, and while this year’s festivities may be muted there’s plenty to celebrate as far as agents’ good deeds are concerned.  So forget things that go bump in the night, ignore the pessimistic boys and ghouls, we’re not living in a horror story at all - the current challenges... Source: Estate Agent...

Mandatory qualifications for agents “within two or three years”

The mandatory qualifications expected of agents have not been forgotten and will come into effect in two or three years. That’s the view of Mark Hayward, outgoing chief executive of the National Association of Estate Agents. He was a member of the Regulation of Property Agents (RoPA) working group which reported... Source: Estate Agent...

Redundancies and branch closures continue at Countrywide

An extensive culling of branches and staff continues apace at Countrywide as it significantly reduces the size of both its office structure and headcount. In the past week Estate Agent Today has reported on permanent branch closures in recent weeks for a string of Countrywide brands - these were Palmer Snell,... Source: Estate Agent...

Boost for Foxtons as sales improve – but revenue still down on 2019

A trading statement from Foxtons this morning provides a rare piece of good news for the troubled London agency. It says business activity significantly increased in the third quarter of the year with valuations, instructions, applicant numbers and viewings all considerably up on this stage of 2019 across both sales and... Source: Estate Agent...

Stamp Duty Holiday Mayhem – Sunak urged to avoid 'cliff-edge'

Chancellor Rishi Sunak has been told to avoid a stamp duty holiday cliff-edge next March at any price - because it could be devastating for agents and consumers. An open letter signed by many key industry figures urges the government to reconsider its hard deadline on both the stamp duty holiday... Source: Estate Agent...

Agencies’ ‘hub’ business model may apply in other industries

The so-called hub model of estate agency adopted by a growing number of firms appears to be part of a wider business trend. In recent years a number of agency brands have abandoned the traditional larger network of branches with small patches, and instead have moved to serviced offices or larger branches... Source: Estate Agent...

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