Cedar House, Caen St, Braunton EX33 1AH

June 2021

Seven rogue sales and lettings agencies expelled by Ombudsman

No fewer than seven estate and lettings agencies have been expelled from The Property Ombudsman scheme today. Most of them are now in liquidation, and expulsion from TPO means they become ineligible to join any other redress scheme.  In theory this means even the non-liquidated agencies should be unable to operate. Most have... Source: Estate Agent...

Stamp Duty Holiday has overstayed its welcome says top agency

Average house prices have risen by £29,000 over the course of the stamp duty holiday as house price annual inflation hits 13.4 per cent. The percentage figure is the biggest since the end of 2004 with the average home now priced at £245,432, according to Nationwide's index.  Nationwide's chief economist, Robert Gardner, says... Source: Estate Agent...

Flipping no longer an option thanks to market frenzy, says agent

An online agent operating in the Midlands says the idea of flipping property is a thing of the past thanks to the buoyant market. Yopa’s Felicity Raynor, based in Stoke-on-Trent, has told the local media: “Supply is as short as I've ever known it to be, so in order to beat... Source: Estate Agent...

App claims to instantly arrange viewings on leads for agents

Property portal app MoveStreets says the latest upgrade to its app sends leads to agents’ inboxes and allows users to instantly arrange viewings. MoveStreets, which likens itself to Tinder, claims users can easily browse the site's database of available homes, powered by multiple estate agencies.  It says it’s signed over 100 agents including... Source:...

Central London stagnation as it awaits foreign buyers – agency

High end agency Savills says prime central London remains “relatively subdued” ahead of the return of foreign travel and overseas buyers. PCL price growth is actually in positive territory for the first time since September 2014 - it’s up a marginal 0.5 per cent in the past year - but the... Source: Estate Agent...

Developers defend Help To Buy’s cost to taxpayers

A new analysis claims Help To Buy has improved building volumes and has not been a drain on taxpayers. The scheme which opened in 2013, has now supported more than 300,000 homebuyers to purchase a new build home, with more than four in five purchasers being first timers. The analysis from the... Source: Estate Agent...

Agents begin the process of becoming more important than Rightmove

For many, paying money to use an estate agent is primarily because that company has a database of buyers or tenants. Of course, the agent’s job entails more than that, but from the public’s perspective, access to that golden database is key. As such, certain companies such as Savills or Knight... Source: Estate Agent...

High profile online agency founder splits from company

One of the highest profile supporters of the online estate agency concept has quit the company he founded. Akshay Ruparella, who is still in his early twenties, founded Doorsteps in 2016 when he was 17: he quit at the end of April this year but has only just announced his departure to... Source: Estate Agent...

Stamp Duty frenzy proves need to automate sales process – claim

The frenzy of activity in the housing market thanks to the stamp duty holiday shows the need for automated processes to speed sales. That’s the view of property software company Openview – Powered by VTUK.  It says the holiday, coming alongside the pandemic and the government’s 95 per cent mortgage scheme, have... Source: Estate Agent...

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