Appraisals down in pre-Easter trading, reveals Propertymark
Estate Agent Today
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1d ago
Market appraisal volumes dropped 7% in March according to Propertymark’s latest market snapshot, based on data from up to six weeks ago. The data shows a 4% increase in potential buyers registered per member branch; there was also a small rise in viewings in March 2024, although this remained broadly in ..read more
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Fast-growing estate agency group attracts £100m price tag
Estate Agent Today
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1d ago
It's reported that the Lomond estate agency group, which is heavily backed by private equity and which has expanded through serial acquisitions, is to be sold off. Sky News understands that LDC Private Equity Investment Firm has hired bankers from Clearwater International to oversee a sale of Lomond. Sky says: “A process ..read more
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Savills makes drastic U-turn on housing market forecast for 2024
Estate Agent Today
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1d ago
Savills has today upgraded its five-year UK mainstream house price forecast to reflect the stronger than expected start to the year . The agency expects house prices to grow 2.5% in 2024 - a big change from the 3% fall it forecast only in November. And it predicts house prices will rise ..read more
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Stamp Duty Cut would trigger evictions and price rises - claim
Estate Agent Today
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1d ago
A stamp duty cut would see house prices go up and evictions soar, a property industry commentator claims. Reports in the past two weeks have suggested that Chancellor Jeremy Hunt is planning to reduce stamp duty at a further ‘fiscal event’ or mini-Budget after the summer.  But Jonathan Rolande, a spokesperson for ..read more
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‘Hidden’ Service Charges trigger rise in housing costs, says Barclays
Estate Agent Today
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1d ago
Typical consumer spending on mortgages and rents increased 3.6% in April – the first increase in the rate of growth since December. The data comes from Barclays, which has based its figures on information gleaned from millions of bank accounts. A parallel survey of its customers also shows that service charges and ..read more
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Zoopla battles OnTheMarket with huge new marketing campaign
Estate Agent Today
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1d ago
Zoopla has kicked off an eight week marketing campaign to fend off the threat of OnTheMarket and to capitalise on the key house hunting months of May and June.  The Zoopla campaign follows a 41% increase in the portal’s marketing spend for 2024, which it claims will drive extra hits on ..read more
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Adding Value to a Home For Sale? Forget solar panels….
Estate Agent Today
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1d ago
Sellers seeking to differentiate their homes from others on the market may consider solar panels - but they should be wary about whether they will see any return.  Research conducted by Independent Advisor admits that adding solar panels in the vast majority of the Britain will cost more than it adds ..read more
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Complete Overhaul of EPCs demanded by key consumer body
Estate Agent Today
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5d ago
An influential consumer body is demanding a complete overhaul of Energy Performance Certificates. Which? says that with millions of households across the UK concerned about how to keep their homes warm in winter and worried about high energy bills, an EPC should be a valuable source of information; and as the ..read more
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Interest Rate Cut - Experts downplay chances for next week
Estate Agent Today
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5d ago
Prominent housing and mortgage experts are downplaying the chance of an interest rate cut following the Bank of England monetary policy committee meeting next week. Sarah Coles, head of personal finance at business consultancy Hargreaves Lansdown, says: “The financial world is holding its breath to hear whether the Bank of England ..read more
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PropTech Today - Three Ways To Win In A High Reduction Market
Estate Agent Today
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5d ago
Choosing the right prospecting software can be the difference between finishing the year on a high or finishing it below target. Although we’re just four months into 2024, it’s important that agencies have a clear plan of how they’re going to approach business generation, especially amidst current market conditions. While this year has ..read more
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