Cedar House, Caen St, Braunton EX33 1AH

10th March 2017

Countrywide: £38m share placing may allow it to rival Purplebricks

Countrywide has successfully placed 21.6m shares to institutional investors at the competitive price of 175p per share - allowing it to raise around £37.8m, most of which will go into its hybrid digital service which may become a rival to Purplebricks as a result. The share placing, which took place yesterday morning, represents... Source: Estate Agent...

London lags behind as stock for sale increases across the UK

An assessment of new stock on sale through agents in February suggests a monthly rise in supply of 13.3 per cent across much of the UK - but with London lagging well behind. An analysis by HouseSimple, based on 500,000 homes listed for sale in 100 towns and cities, suggests a UK-wide... Source: Estate Agent...

Only 14 complaints about 'quick sale' buying firms in two years, says TPO

There were only 14 complaints to The Property Ombudsman about so-called 'quick sale' firms - the professional buying companies that purchase homes of people rapidly in a bid to avoid chains collapsing. In an interview with The Times, TPO Katrine Sporle, said that in 2014 there were only eight complaints about such... Source: Estate Agent...

Portillo attacks Tory government over owner-occupier 'freefall'

Former Conservative minister Michael Portillo has made an outspoken attack on his former party over its switch of housing policy emphasis from owner-occupation to private renting. Speaking to the Building magazine, Portillo says he is “astonished” that the government was allowing a “freefall” in home ownership. “One of the reasons that...

Agents Do Charity – and never mind the Chancellor….

There was nothing doing in the Budget - no stamp duty reform, no second look at mortgage interest tax relief changes, no word on letting agents' fees.  Thankfully, our industry appears undeterred in its efforts to do good work for others, no matter how mean the Chancellor may appear to agents... Source: Estate Agent...

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