Cedar House, Caen St, Braunton EX33 1AH

March 2021

German company pours £5m into UK online estate agency

A company in the German Axel Springer publishing empire - which also invested in Purplebricks in the past - has put £5m into another UK online agency. The agency is Nested, which had already secured £20m in a previous fund-raising exercise. Nested’s model formerly offered a 'guaranteed buy' of a vendor's property... Source: Estate Agent...

OnTheMarket in big media deal with UK's largest news publisher

OnTheMarket has signed a big media deal with the UK’s largest news publisher. The deal is with Reach, which owns nine national news brands including The Mirror, The Express and the Daily Star.   Its 110 regional titles include the Manchester Evening News, Liverpool Echo and Bristol Post, along with over 70 online... Source: Estate Agent...

Boomin’s TV ads – see them here, two days ahead of launch

Here are the first three TV adverts for Boomin, the new property portal which launches on Friday.The new website launches early on Friday and its ‘good things happen’ TV campaign begins that day as well.The first will air on Channel 4 on Friday evening at 9pm at the start of... Source: Estate Agent...

Property directors banned for 25 years after investment scam

Two property directors have been banned from holding company office for a total of 25 years after abusing £7.7m taken from investors for student accommodation that was never completed. A statement from the Insolvency Service says Sanjiv Varma and Jonathan England were directors of property firm Grosvenor Property Developers Ltd.  The company... Source: Estate Agent...

Yopa raises its profile in battle with Purplebricks and Strike

Yopa has instructed two companies to help with its brand building as it battles with other major online players. It’s appointed M.i. Media as its performance advertising agency partner, whilst Happy Hour won the creative agency pitch. A recent statistical analysis of market share via Rightmove Intel data shows Purplebricks with almost 5.1... Source: Estate Agent...

Many homeowners think selling process is getting worse – survey

A new survey says 80 per cent of homeowners believe the process of buying a house has remained largely the same or has actually worsened during their lifetime. Meanwhile just over three quarters also believe the service provided by agents and other players in the industry has also declined or remained static. The... Source: Estate Agent...

Estate agents trusted more than politicians (yes, that old story)

First the good news - estate agents are trusted more than politicians and no less than bankers. Now the bad news: most other professions are trusted more. The annual story whereby a survey is made of trusted professions has come out with the usual pecking order; estate agents on just one... Source: Estate Agent...

Dragon’s Den property crowdfunding site plunges into administration

A controversial property crowdfunding platform, criticised in the past on TV's Dragon’s Den, has gone into administration.  The House Crowd was launched in 2012 and according to its website had seen 400 investments adding up to a total of £123.9m.  Its objective was to enable individuals to buy into projects which acquired,... Source: Estate Agent...

Ex-Purplebricks chief executive reveals new challenge for estate agents

Buyer behaviour has changed over the past year of the pandemic and it’s up to estate agents to calculate how to use virtual viewings when normality returns. That’s the view of Lee Wainwright, chief executive of PropTech supplier FocalAgent and former UK chief executive of Purplebricks. In a video interview with agent... Source: Estate Agent...

How will electric cars change conveyancing and the housing market?

Conveyancers should consider the provision of electric vehicle parking and charging in transactions according to a legal company. Law firm says that with the sale of new petrol and diesel cars banned from 2030 the impact on property desirability and pricing will start to be seen within the next five years. Although there are now over... Source: Estate Agent...

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