• Cedar House, Caen St, Braunton EX33 1AH

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Code of Practice for Estate Agents set to change industry forever

A new estate agency Code of Practice is to be written by a group set up by the Royal Institution of Chartered Surveyors and The Property Ombudsman. It will be led by a Labour peer and should produce the code by the end of this year. The steering group – which also includes… Source: Estate Agent […]

Homesearch portal launches with two-week feedback period for agents

Homesearch, the long-awaited new free-to-list portal, launches today with a string of testimonials from supportive estate agents. The new portal announced at the end of last week that it had secured over 10,000 agents signing up, although it has made it clear that not all of their listings will be visible… Source: Estate Agent News

PropTech Today: another attempt at solving a problem that doesn't exist?

"New property website launches. Not immediately sure what it does differently, what its USP is or who will use it, but good luck to those behind it.” So started the Twitter thread that I read with interest on Monday evening from the often outspoken Henry Pryor. One of the Twitter responses… Source: Estate Agent News

Leicester lockdown is warning to agents to abide by ‘new normal’

The return of non-essential businesses to lockdown in Leicester as a result of a localised spike in Coronavirus cases is a reminder to agents to follow new guidelines rigidly, says The Guild of Property Professionals. Compliance officer Paul Offley says that – even apart from health considerations – agents elsewhere who… Source: Estate Agent News

New-build market bouncing back quicker than second-hand market

Buyer demand for new-build property has bounced back 66 per cent in the six weeks since the resumption of the housing market according to research from Zoopla.  The portal says this recovery is a continuation of the upsurge in demand recorded at the start of 2020 – following the December General… Source: Estate Agent News

Purplebricks critic launches “agent-friendly” PropTech platform

A former City analyst best known for his scathing criticisms of Purplebricks has launched a PropTech platform that he describes as “agent-friendly” and focussing on buyers and sellers having more information to fuel their decisions. There will also be a series of digital tools for consumers to manage their sale or… Source: Estate Agent News

Shareholder ‘mini-revolt’ over Countrywide’s top brass pay

There appears to have been a small shareholder rebellion at Countrywide’s annual general meeting over the company’s remuneration of senior management. No details have been made available other than the percentages of shareholders who backed different motions at the AGM, which had to be held virtually because of the Coronavirus. However, while… Source: Estate Agent […]

Agency regulation: still no government action, one year on

The recommendations to regulate and train the estate agency industry put forward a year ago remain on the Housing Secretary’s desk – with no answer as to when or if the controversial proposals will be implemented. The Regulation of Property Agents’ working group, led by Lord Best, made public its recommendations… Source: Estate Agent News

220,000 London homes owned by Chinese: more to come, say agents

Government figures show the 218,975 properties within Greater London have Chinese owners – and two agents say there will be more to come.  The hard data comes from the Office for National Statistics which says 98,725 are owned by Hong Kongers and 120,250 by mainland Chinese owners.  The ONS adds that in… Source: Estate Agent […]

Purplebricks director stands down after two years

One of the key members of the Purplebricks board has stood down after two years. Andreas Wiele joined the Purplebricks board in 2018 as a representative of the German-based Axel Springer, one of Europe’s largest digital publishing companies. Wiele joined as Springer invested some £125m in the company in spring 2018, including… Source: Estate Agent […]