Foxtons has reported its 2017 figures to shareholders and the City this morning and as expected they show sharp falls in sales and profits - lettings income has also dipped. Sales revenue is down 23 per cent as “a result of continued market weakness causing lower transaction volumes.” while lettings are... Source: Estate Agent...
February 2018
London agency Portico has been warned that if there is a repeat of issues concerning its listings on portals, it may face a formal investigation by the Advertising Standards Authority. Two listings on Zoopla placed by the agency - which is owned by Portico Property Ltd - were subject to a... Source: Estate Agent...
We think about technology all the time. At least, I do. And there’s nothing left in property that technology hasn’t touched in some way or another. Or at least that’s what I thought, until I heard about CoStar’s recent sales masterclass which proves that, regardless of the day or age, some... Source: Estate Agent...
London estate agency chain Dexters is expanding its brand once again thanks to a new partnership with Stirling Ackroyd New Homes. Dexters already has over 60 offices across the capital, and last week Estate Agent Today revealed that it had acquired Benham & Reeves; now it has a deal with Stirling... Source: Estate Agent...
Leaders is expanding the mortgage side of its business with a raft of new products and services, as well as introducing an in-house academy to train the next generation of mortgage experts. Mortgage advisers now work from many of the firm’s 123 branches while the new products will be available to... Source: Estate Agent...
The National Association of Estate Agents says the year has started with a boom as demand from prospective house-hunters increased by more than a third in January. In December, agents registered 268 per branch but this soared to 367 in January - the most recent data available from the association. This is... Source: Estate Agent...
A new report by the residential property team of a legal firm has found widespread criticism of online agents’ over their alleged failure to offer serious sales progression help to their customers. The report is by Scott Garner, head of business development for Rix & Kay, a law firm with bases... Source: Estate Agent...
Coming into force on May 25, the General Data Protection Regulation (GDPR) - which replaces the Data Protection Act 1998 - is something which all businesses are expected to comply with. For a while now, many estate and letting agents will have been working hard to prepare for the new rules. To... Source: Estate Agent...
New analysis by Hometrack shows that large regional cities like Edinburgh, Birmingham and Manchester look set for a 20 per cent to 30 per cent increase in house prices over the next four years as they close the gap to London. The data consultancy says that while regional cities have lagged... Source: Estate Agent...
A 1.0 per cent interest rate rise would add £930 a year to the cost of servicing the average mortgage, according to new analysis from estate agency Savills. Four in 10 borrowers on variable rate mortgages would be first to feel the pain. Their annual mortgage bill would rise overnight by... Source: Estate Agent...