Cedar House, Caen St, Braunton EX33 1AH

13th March 2017

Stamp duty surcharge rakes in twice as much revenue as expected

The government has admitted that the three per cent stamp duty surcharge has raked in twice as much as expected. In November 2015, five months before the introduction of the controversial surcharge last April, the Office for Budget Responsibility forecast that the measure would bring in around £700m in 2016-17. However, revised... Source: Estate Agent...

Countrywide reveals annual cost of restructuring

Countrywide has revealed that in 2016 it spent over £8.1m on redundancies, some £7.4m on contract costs relating to closed premises, and over £2m on redesigning marketing and associated costs linked to launching its online offering to sellers and landlords. While much attention was given last week to Countrywide’s plummeting profits... Source: Estate Agent...

Only 11% of sellers think face-to-face contact with an agent is key

Only one in nine customers of estate agents regard face-to-face contact as the most important element of the process to determine who they will instruct to sell their home. A survey of some 1,000 home movers discovered that 75 per cent looked online before speaking with an agent, while 60 per... Source: Estate Agent...

Glut of expansions for agents and property investment firm

Manchester-based sister firms Sequre Property Investment and Sequre International have extended their office space thanks rising demand for UK buy to let and Spanish property. Increasing their office space from 5,000 square feet to over 8,400 square feet at their HQ in Sale, the Sequre firms have also launched three new... Source: Estate Agent...

Transactions dip but house prices still growing says LSL

House prices grew at their fastest pace for 12 months in February, with average values increasing 0.6 per cent -  that’s double the rate in the previous month.  Data from LSL Property Services' Your Move brand shows strong performance in the East of England, new peak prices in Merseyside and Birmingham,... Source: Estate Agent...

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