Cedar House, Caen St, Braunton EX33 1AH

8th March 2017

Budget: No new property taxes – but landlords may be hit

Chancellor Phillip Hammond has introduced no new property taxes in his Spring Budget - but a clampdown on those setting up companies to minimise tax burdens may ultimately lead to additional controls on landlords. There was no explicit reference to the introduction of mortgage interest tax relief changes for landlords, announced... Source: Estate Agent...

Foxtons profits dive thanks to Brexit and stamp duty

Foxtons' figures released to the City this morning confirm a huge slump in sales in 2016 - and even lettings revenue dipped. Sales revenue was £55.5m, down 23 per cent, and according to the firm "driven by a marked step down in activity in the second half following the... Source: Estate Agent...

LSL the latest firm expected to enter 'digital' market

LSL Property Services - which owns high street agency brands Your Move, Reeds Rains and Marsh & Parsons - is the latest agency to state its interest in the online/hybrid market. Upon reporting its preliminary results for the year to December 31 2016, the firm said it is 'exploring options to... Source: Estate Agent...

James Dearsley: Enough about Purplebricks, let’s talk printing bricks

It has been a busy week for investment in PropTech businesses and no doubt you have already got reading fatigue about what this all means. Recent investments involving OpenRent, Purplebricks, and Expert Agent are hugely important and the subsequent valuations of these businesses show what investors see as the long term... Source: Estate Agent...

Agency promises not to make competitor comparisons in future ads

A Hampshire estate agency has promised the Advertising Standards Authority (ASA) not to make competitor comparisons which cannot be independently verified in its future advertising campaigns. The agreement comes after a complaint was made against Bournes Town & Country to the advertising watchdog. The complaint was made against a circular issued by... Source: Estate Agent...

Annual house price growth at lowest rate since July 2013

The latest house price index from Halifax reports that annual house price growth dipped during February. The bank recorded annual house price growth at 5.1% last month, down from 5.7% in January. Halifax's figures present a contrast to the latest Nationwide index - released last week - which shows annual growth edging... Source: Estate Agent...

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