In a dramatic New Year’s Eve statement on the London Stock Exchange, Countrywide has agreed the terms of a recommended offer for the company by Connells. Under the terms of the acquisition, each Countrywide shareholder will be entitled to receive 395 pence in cash for each share. This means Connells' initial... Source: Estate Agent...
December 2020
House prices surged in December to post their fastest growth in six years, according to the Nationwide. Prices rose 7.3 per cent year-on-year this month, up from 6.5 per cent in November and 5.8 per cent in October to achieve the highest annual growth since 2014. Month-on-month, house prices rose 0.8 per... Source: Estate Agent...
Many agents have been operating under Tier 4 Coronavirus restrictions for some days, but today sees another 20 million residents in England jointing this toughest tier of controls. The new areas are in the Midlands, North East, parts of the North West and parts of the South West. For those not previously... Source: Estate Agent...
An auction house that's made a transition from ballroom operations to online streaming is to publish all fees for all lots - and is urging other operators to follow suit. SDL Property Auctions is to include the information in each property’s legal pack, with details of exactly what fees are payable by... Source: Estate Agent...
Zoopla has revealed precisely how much house prices have risen over the course of 2020. Across the UK as a whole prices rise by an average of £10,177 in 2020, equating to an increase in value of £27.81 per day. But in one location the daily rise was over £80. Despite the... Source: Estate Agent...
London and other urban areas dominate the league table of locations seeing the biggest house price rises of 2020. This is despite the apparent rush from the city to the country because of the pandemic. Figures from the Halifax show Islington in north London with the fastest growth in 2020, with the... Source: Estate Agent...
Many agents will be closed on New Year’s Day - the last Bank Holiday for some months and at the start of what may be another challenging year. We can hope for better things in 2021 but the short-term prospects for Coronavirus and lockdowns appear bleak; however, the market is almost... Source: Estate Agent...
A house price index that is routinely one of the most pessimistic about the market claims the New Year will see a dramatic downturn. Reallymoving, a price comparison website that runs an index based initially on conveyancing quote forms, says the New Year will herald a turning point for the housing... Source: Estate Agent...
The Brexit deal agreed in dramatic form on Christmas Eve is one part of a cocktail eventually boosting the London market in 2021. That’s the view of Knight Frank which says the deal will remove one issue of concern for international buyers in recent months. “While Brexit became a background noise for many... Source: Estate Agent...
ZPG, parent company of Zoopla, is to buy another comparison website business, in addition to running its existing Uswitch service. Insurance group Admiral is selling to ZPG its website service, known as Penguin Portals and including Confused.com, in a deal reported to be worth some £508m. ZPG will control the acquired businesses through... Source: Estate Agent...