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Financial services giant Credit Suisse says Agents’ Mutual’s new portal will hit its target of 5,000 members by its January launch date but that funding for the project is “insufficient” - meaning that Rightmove and Zoopla are at “attractive entry points” to investors.

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The Bank of England has said those whose house moves were delayed on Monday or yesterday by a temporary shut-down of the CHAPS electronic money-moving service should approach their own bank for help in covering additional bills.

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There has been a broadly sceptical response from agents to the announcement by Agents’ Mutual’s portal OnTheMarket that it has started making exceptions to its controversial ‘one other portal’ rule for existing and potential members.

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Strutt & Parker has compared its latest figures for the value of property transacted in prime London with those achieved by the firm in the third quarter of last year - with startling results. 

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Online estate agency eMoov is asking the National Association of Estate Agents for clarification about the organisation’s membership of the board of Agents’ Mutual in the light of the new portal’s ban on online agencies - some of which are NAEA members.

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CHAPS crash will delay deals this week

Tuesday, 21 October 2014 Written by

The Bank of England’s problems with the CHAPS system of electronic money payments, including those transferring monies at the end of the house-buying process, will almost certainly lead to problems in house completions during this week.

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For those EAT readers who missed it, Sarah Beeny’s How To Sell Your Home on Channel 4 last evening was probably what one would have expected from a person who, in her own words, owns “an established online estate agency.”

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Property firm wants 12 drones in London

Tuesday, 21 October 2014 Written by

London-based property management company Aspect says it wants to have up to 12 unmanned drones operating across the capital by the end of 2016.

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Strutt & Parker says the political uncertainty over the upcoming election is likely to sharply curb market activity next year - although there will still be some price growth.

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Online agency Purplebricks, which launched just a few months ago in April, is already considering floating on the stock exchange next year according to one report.

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