BREAKING NEWS -top 5 stories 03/03/2021

Estate Agent Networking Breaking News

STARBERRY ACQUIRED BY EPROPSERVICES

In the second, of what now looks like a trend technology brands are buying up or into website providers who have cutting edge services which create lead generation for clients. This time it is Ben & Rus Sellers of Starberry being bought out by epropservices headed up by CEO Jon Cooke.

Knowing Ben personally, a man who positively sizzles with energy and possibilities, this is a brilliant strategic fit for both operations, as the Starberry vision and understanding of the power of what they can and do for clients will dovetail well into the ever-growing epropservices empire.

AGENTS HATE RIGHTMOVE THE PUBLIC LOVE IT – ACCORDING TO THE TIMES

Patrick Hosking the Financial Editor of the Times newspaper reported two days ago that though the public loves Rightmove, the agents, the paying customers hate it. See his commentary,
‘Yet while the users are addicted to the site (weird fact: usage peaks just before 9pm on Wednesday evenings), its actual paying customers detest it — or at least are very frustrated with it. Estate agents are resentful of the sometimes thousands of pounds per month per branch they are charged for advertising homes on the site.

The agents, as they see it, do all the work in wooing the vendor, valuing the home, taking photos, writing up the particulars, arranging viewings and conducting negotiations. Rightmove offers a perfectly good service, but takes a large chunk of money for adding very little — and keeps raising its prices.

It is, … “an abusive relationship”. It has “a psychological chokehold” over agents, who are terrified they simply won’t receive instructions from vendors and landlords if they don’t use the most popular portal in Britain. Ninety per cent of all agency branches — more than 19,000 of them — are signed up’

BUDGET DAY

Soon we will know what the Chancellor has cooked up, where he is on SDLT, increasing taxation on property, increasing corporation tax, and what other inniatives he has for stimulating or cooling the property market – full analysis tomorrow.

HUGE UPTICK IN DEMAND FOR PROPERTY

Despite all the negatives of the pandemic, the sentiment in the housing market is extremely high, many agents are reporting they have limited stock and too many buyers.

RENTAL SECTOR HEALTHY DESPITE PANDEMIC PROBLEMS

A recent study states that despite the amount of tenancies where tenants are behind on rents, rents themselves are actually increasing and the need for more rented accommodation is at a healthy level.

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate. Want to contact me directly regarding one of my articles or maybe you'd like a chat about future articles? Email me via editor@stagingsite.estateagentnetworking.co.uk

You May Also Enjoy

Letting Agent Talk

The pros and cons of renting to students: is it the right choice for you?

Student properties are no different in term of quality and facilities than any other type of private rental. And although landlords may have to spend a fair amount on setting up and properly maintaining student lets, they can also charge a good market rent. To help you decide whether letting to students might be worthwhile…
Read More
Finance

Autumn Budget Misses Mark on Housing Reform: UK Rental Market Squeezed by Shortages and Rising Rents

The UK rental market faces mounting pressures, with a recent Rics survey revealing a critical shortage of properties and surging rent prices. Landlord instructions, a key indicator of properties available to rent, fell to a net balance of -29%, marking this the lowest level since 2021. Strong tenant demand is driving rents higher, with 33%…
Read More
Estate Agent Talk

Save a house deposit faster than ever in THESE areas!

Save a house deposit faster than ever in THESE areas! Aberdeen City in Scotland is named the best place to live if you want to save for a house deposit fast, saving in as little as a year and a half Inverclyde is second, whilst Burnley is third Average salaries and house prices in each…
Read More
Estate Agent Talk

Finding Your Dream Home: Expert Advice from Camberley’s Top Estate Agents

Finding the right estate agent is crucial when navigating the competitive housing market in Camberley. With local expertise and in-depth market knowledge, these professionals can guide you toward your ideal property, saving you time and effort. Their understanding of the area’s nuances, from property trends to community relationships, positions them as indispensable allies in your…
Read More
Breaking News

Zoopla reveals most affordable towns in Britain

With the average home valued at nearly four times average household incomes, Zoopla reveals the most affordable towns in Britain   An average property in Britain is valued at 3.8 times the average annual household income (assuming 2 full-time workers) Cumnock in Scotland, is Britain’s most affordable town to buy in 2024 with average property…
Read More
Software & Tech

The Evolving Nature of Real Estate and Strategies for Agency Success

Real estate agents are used to working with fluid market dynamics. Adapting their sales strategies and responding to new industry demands is almost second nature to most agencies today. However, while making the necessary adjustments when following housing market trends is important, it’s also important for agencies to consider new business innovations that become available…
Read More