Property News

Son of ex-Savills boss slams traditional buying agents as “outdated”

A buying agency targeting what it calls the “prime and super-prime” London market is offering clients not only a sourcing service, but also options to redesign and remodel their chosen new homes as well. Capital Place Properties – led by the son of a former Savills chief executive – says it offers a complete in-house service from […]

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New warning to estate agents over illegal price-fixing

The estate agency industry is still under the spotlight for possible illegal price fixing cartels according to the Competition and Markets Authority. In recent years the CMA has taken action against three examples of anti-competitive practice in the property sector and the latest warning, issued yesterday, was contained in a document outlining how companies can

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Agency undergoes management buyout after 25 years

An estate agency founded in 1995 has undergone a management buyout from two existing director. Westcoast Properties is a north Somerset firm, now owned by existing director Nicholas Webber and associate finance director Lindsay Pickles. Previous owners Martin and Kay Crees are to remain a part of the business, with Martin Crees taking a position

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New portal reveals charges to agents plus extra for multi-listing service

The new portal OpenBrix, which is powered by Blockchain, has revealed its fee structure ahead of its formal launch on September 1. It’s going to charge £75 per branch per month, plus £1 per property upload fee. If agents then want to join a multi-listing system it will operate, they will be expected to pay

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Big day for Leasehold reform as Law Commission issues reports

It’s a big day for leasehold reform today with the Law Commission due to publish three residential leasehold and commonhold reports. They will be formally launched at an All-Party Parliamentary Group on Leasehold and Commonhold Reform taking place at 10am. The Commission’s brief, given to it by the Ministry of Housing, Communities and Local Government,

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