Cedar House, Caen St, Braunton EX33 1AH

October 2021

Tax Shock: 1% stamp duty rise was considered for Budget

It’s been revealed that the government did consider a stamp duty RISE which would have been announced in this week’s Budget. The Daily Telegraph has discovered that a report by the Office for Budget Responsibility - the independent financial department that advises the government - considered increasing the additional homes stamp... Source: Estate Agent...

Self-employed agency expanding beyond London for first time

The Nested online agency, which recently revamped its business model to attract more self-employed agents, is expanding outside London for the first time.  Nested says the average UK agent currently earns an annual gross £24,096 whereas a typical self-employed agent selling 30 homes a year at a 1.5 per cent fee... Source: Estate Agent...

Number of homes selling over asking price dips as market softens

The proportion of properties selling above asking price has dipped according to Propertymark - a likely sign the market is softening at last. Even so, the proportion is still 27 per cent, albeit down from 37 per cent in August. The trade body’s latest market snapshot, reflecting the position at the end of... Source: Estate Agent...

Hybrid agency claims to have ‘solved industry’s staff shortage’

EweMove - the hybrid brand owned by The Property Franchise Group - says its operating model effectively solves a reported staff shortage in the industry. Earlier this week we reported a claim by Rayner Personnel of a shortage of agents as a result of some moving elsewhere for higher salaries. EweMove managing... Source: Estate Agent...

More blood-curdling news (and no, we don’t mean the Budget)

So with only hours to go before Halloween, here are our final three entries from agents who've entered into the ... well, spirits. We hope all our readers enjoy Halloween on Sunday. The first today is from the Stephenson Browne agency up in Staffordshire and south Cheshire. The firm’s marketing man, Oliver... Source: Estate Agent...

Agents Do Charity – and don’t forget to sleep longer this weekend…

With a Budget, mild weather and the continuing uncertainty over the pandemic, you might be forgiven for forgetting that we get another hour’s sleep this Saturday-into-Sunday. And with the advent of winter, Christmas draws closer - the perfect opportunity for fund-raising. If you’re doing any, let everyone know by telling us... Source: Estate Agent...

Agent Alert: Capital Gains Tax rules change kicked in at midnight

Chancellor Rishi Sunak’s Budget did not ignore Capital Gains Tax after all.   For those selling UK residential property the deadline to file a tax return has been extended from 30 days to 60 days - and it’s already come into effect.  Commenting on the change, Tim Walford-Fitzgerald, Private Client Partner at accountancy... Source: Estate Agent...

Agent “lucky to be alive” after car smashes through branch window

An estate agent in a branch of Hunters says he’s lucky to be alive after a car containing an elderly couple smashed through his office window. The incident happened yesterday lunchtime at the Hunters office in Wokingham. Local media report that agent Ben Polamani had shortly beforehand moved away from his desk, located... Source: Estate Agent...

Cladding Tax on Developers – not everyone is in favour

There has been criticism of the new Residential Development Tax, levied to fund remedial work on dangerous cladding on high rise blocks. The tax had been announced in principle some months ago but Chancellor Rishi Sunak’s Budget yesterday revealed that the levy would be four per cent and would apply to those developers... Source: Estate Agent...

Foxtons gives upbeat update on sales and lettings

Foxtons has given an upbeat trading update to shareholders this morning. It says so far this year sales revenue is a huge 114 per cent up to £38.3m (2020: £17.9m, 2019: £23.8m) reflecting positive trading momentum. However £4.8m of that increase is Dow to Foxtons’ acquisition of D&G. At the end of September,... Source: Estate Agent...

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