Cedar House, Caen St, Braunton EX33 1AH

January 2021

Boomin dismisses speculation of ‘direct sales’ cutting out agents

Boomin has denied that it will ever allow direct property sales, cutting out estate agents. Founder Michael Bruce says the new service “has not, and will not, ever look to move to a direct model.” The denial has emerged from a debate the portal has had with The Guild of Property Professionals. The... Source: Estate Agent...

Agency closes office after staff contract Coronavirus

Members of staff at an estate agency branch in the Midlands tested positive for Coronavirus in consecutive weeks, triggering a temporary closure. Two employees at Your Move in Nottingham city centre - a branch operated by franchisee National Home Move - were affected; both were alone when they identified the symptoms.  Two other... Source: Estate Agent...

Stamp Duty Holiday – broker warns most lenders won’t make deadline

A leading mortgage broker is warning that over half the lenders in a key segment of the market are already unable to make the March 31 stamp duty holiday deadline. Mortgages for Business deals chiefly with buy to let mortgages for landlords, a key part of the transaction surge in recent... Source: Estate Agent...

Transaction hold-ups mean sales now taking almost one third longer

Properties are currently taking 29 per cent longer than average to sell once under offer, according to research by a home sales company. Movewise says hold-ups with searches and conveyancers dealing with a backlog of cases have led to the average time to exchange contracts once an offer has been accepted,... Source: Estate Agent...

Winter market surge not enough to prevent new build slump

Covid-19 has caused the number of new homes registered by UK house builders to fall 23 per cent in 2020. The NHBC trade body and insurance provider says this slump comes despite a surge in late 2020 as the market came back to life. NHBC registered 123,151 new homes in 2020, compared... Source: Estate Agent...

Agents Do Charity – there’s a hard drive on for laptops…

Hello and welcome to Agents Do Charity, the regular round-up of industry good work. Whatever the cause, it’s great to publicise agents’ public spirited activities, but this week shows just how fleet of foot the industry can be. There’s been huge publicity on the need for laptops for children studying at... Source: Estate Agent...

Lockdown means viewings and sales will fall, says Phil Spencer

Property commentator Phil Spencer says lockdown - which we know will now last for another six weeks at least, and possibly longer - will suppress both viewings and sales. Spencer makes the claim in the latest blog, which will appear shortly on his Move iQ website but is available exclusively now... Source: Estate Agent...

It's A Deal! Hunters set to be taken over but job losses likely

It now looks likely that Hunters will be taken over by The Property Franchise Group after several months of talks, subject to shareholder approval. A statement to shareholders of both companies this morning, recommending approval of the deal, says there are four key advantages: - Enhanced scale and geographic reach: “The enlarged group... Source: Estate Agent...

Zoopla reveals multi-million-pound revolutionary changes

Zoopla has revealed a multi-million-pound programme of future developments which have taken 18 months to finalise. Chief executive Charlie Bryant has told Estate Agent Today that Zoopla’s ambition “goes far beyond just trying to beat everyone else at being a digital listings noticeboard” and that in future it would regard itself... Source: Estate Agent...

Online agency in bid to raise £800,000 through crowdfunding

It’s been some time since online agencies have ventured into crowdfunding to raise investment, but easyProperty has now done so - it aims to secure £800,000. So far it’s achieved over £700,000 in its bid on the Seedrs crowdfund service. easyProperty has for some time been trying to break into city markets.... Source: Estate Agent...

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