Cedar House, Caen St, Braunton EX33 1AH

9th March 2017

Countrywide: 200 branches shut, online 'working well'

It's been revealed that Countrywide has lost 200 branches in its reorganisation - that's around 20 per cent of its branch network.  In its annual trading statement for 2016 Countrywide reveals that its pre-tax profit has plummeted from £47.7m in 2015 to £19.5m last year. Other profit measures also slumped - EBITDA... Source: Estate Agent...

Why no stamp duty reform? Angry agents ask Hammond

Estate agents are angry that Chancellor Phillip Hammond made no attempt in his first Spring Budget to reform stamp duty - despite being shown evidence of how its current application hits the housing market.  "The government is sticking to its guns and refusing to give the nation a break. We will... Source: Estate Agent...

Purplebricks entering US market just as estate agency use soars

Purplebricks' entry into selective areas of the US market comes just as new evidence suggests the use of estate agencies by younger buyers and sellers is soaring - and the US idea of 'For Sale By Owner' has dropped to its lowest recorded level.  In the annual Home Buyer and Seller... Source: Estate Agent...

Countrywide stock helps Auction House hit new sales record

Auction House London is celebrating selling the largest number of lots it has ever sold in a single auction, along with its highest-ever priced property. In its last sale on February 22 - when for the first time it was handling auction stock on behalf of Countrywide - the company raised... Source: Estate Agent...

LSL's hybrid/digital plans – City analyst gives the thumbs-up

Business consultancy Jefferies has given a strong endorsement to the digital agency policy set out by LSL Property Services earlier this week. Jefferies says the key takeaway from LSL's extensive research - reported here - is that existing hybrid estate agencies are 'not hybrid enough' and require greater intervention by 'real' agents with... Source: Estate...

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