GDPR Archives - Estate Agent News

Estate Agent News Today

Covid Clauses are back as buyers fear wider lockdown restrictions
on 30th September 2020 at 7:00 am
A leading agency says so-called Covid Clauses are being inserted into contracts as buyers become increasingly cautious ahead of a possible second Coronavirus lockdown.  Knight Frank says an increasing number of purchasers are accelerating their house moving plans because of virus fears and weaker economic news. The agency’s latest report on... […]
Crisis? What crisis? Mortgage lending hits 13 year high
on 30th September 2020 at 7:00 am
Mortgage approvals for house purchases have soared to a 13 year high according to Bank of England figures up to the end of August. There was a rise from 66,300 in July to 84,700. However, the year-to-date total is still suffering from the market closure during the spring lockdown: the BoE says... […]
Agents get up to 2.32% commission claims Quick Buy property boss
on 30th September 2020 at 7:00 am
A league table drawn up by a quick buy property firm claims that some estate agents' average commission has hit 2.32 per cent in parts of the country. Yes Homebuyer says the average absolute commission charged by agents varies across England and Wales, starting as low as £1,809 in the North East and... […]
Business Interruption Insurance Scandal - bid to speed up pay-outs
on 30th September 2020 at 7:00 am
The many agents believed to be awaiting pay-outs on their Business Interruption Insurance will have some consolation in knowing that the pressure is on to get a final settlement of the issue. Earlier this month the High Court ruled in favour of policy-holders on most aspects of a test case brought... […]
Redundancies, PropTech and furlough cash help Hunters recover
on 30th September 2020 at 7:00 am
Franchise network Hunters has recorded strong figures for the first half of 2020 but a trading statement reveals the measures it had to take to weather the Coronavirus storm. Having seen sales plummet 93 per cent in April 2020 against April 2019 - as a result of the market closure during... […]
Major regional agency unveils pioneering ‘super hub’ structure
on 29th September 2020 at 6:35 pm
One of the country’s major regional agencies has unveiled a ‘super hub’ structure which began life as a lockdown measure but has now been made permanent. Farrell Heyworth, which covers much of the north west of England, had 18 branches pre-lockdown and has now turned its operation into an innovative seven-hub... […]