Statistics collated by the government show that independent international economists predict stronger-than-expected UK house price rises over the next five years.
A new website for owners and landlords to advertise their properties for sale or let has opened - but so far has a meagre five properties on its books.
eMoov chief executive Russell Quirk says the role of traditional estate agents has been overstated and that their principal purpose in many transactions is to act as “a conduit to get properties on to the portals.”
A London estate agent has taken the unusual step of explaining to clients why his firm would be “selling them short” if he did not continue to advertise properties on Zoopla and Rightmove, despite what he calls their horrifying fees.
Agents are urging the government not to over-react to continuing double-digit house price rises after the latest ONS figures show a 10.2 per cent annual hike.
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The founder of an online agency is calling for a truce in the war of words between online and traditional agents - and has even admitted that “High Street agents will inevitably beat online agents to local knowledge and hands on service.”
Purplebricks’ target for its financial year ending July 31 2015 is 85,413 instructions and for the following year 100,849 - if met, that would represent 10 per cent of all sales.