Andrews
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Latest property news
Philip! Charge Stamp Duty by £100k bands, pleads leading industry CEO
Leading property industry boss David Westgate from Andrews believes charging Stamp Duty in £100k bands will revivie sluggish market in many parts of the UK.
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Latest property news
50+ branches of Andrews signs up to long-term deal with OnTheMarket
Agency knows for its considerable charity work is latest to join portal after initially rejecting advances from OnTheMarket.
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Proptech
Former Savills associate launches P2P app that cuts out estate agents
A new peer-to-peer app on iPhones launched by a former Savills Associate will offer vendors and landlords direct access to tenants and buyers.
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Latest property news
Will today’s 0.25% base interest rate hike slow the property market even more?
Read property industry reaction to today's Bank of England base rate interest hike from 0.5% to 0.75%, the most recent hike since october last year.
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Latest property news
ZPG signs up four more big agency brands to multi-year deals, including YOPA
Zoopla parent company ZPG has revealed its latest set of multi-year tie-in agreements with agents including its first with a hybrid operator. ZPG says it has signed ‘long term’ agreements with the agents, which are likely to be similar to ZPG’s recent deals with the larger agency networks and last up to five years. The named companies involved are all South of England and London agents; Foxtons, Dexters and Andrews plus online agency YOPA. The agreements usually offer agents more stable pricing structures in return for committing to advertise all their properties on ZPG’s two main portals, Zoopla and PrimeLocation. Although ZPG won’t reveal the nature of each agreement, they are either simple no-frills listing deals or include elements of services provided by ZPG’s business-to-business brands such as the Property Software Group and Hometrack. 200 branches The latest deals will keep 200 branches within ZPG including the 70 apiece that Foxtons and Dexters each operate, and Andrews’ 60 offices. Yopa doesn’t have any branches but like Purplebricks has local agents who work from home. These number 102 currently, spread across nine regional teams. “We’re delighted to extend our relationships with each of these firms for the long term,” says Mark…
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Latest property news
New Year property market gets off to a roaring start, claims Rightmove
The first weeks of the New Year property market have begun well with increased numbers of buyers looking for homes and asking prices rising, says Rightmove. Its monthly snapshot of the property market reveals that the number of visits to its online listings of sales properties is up 9% so far this month compared to last year. Also, asking prices for newly-listed homes are up 0.7% compared to last year. But Rightmove warns that, despite the rise in interest during the New Year, buyers are extremely wary on price, and that the number of sales agreed during the final three months of last year was down by 5.5% compared to the same period the year before. Rightmove also hints that while in more normal times the current stretched buyer affordability and uncertain political outlook might have seen prices tumbling, a surge in first time buyers following the recent Stamp Duty reductions, plus a lack of supply in the market, is instead pushing prices up. “Considering some of the gales that buffeted the market in the latter part of 2017, these early readings for 2018 show that there is currently a good following wind of search activity,” says Rightmove Director Miles…
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Latest property news
Online and hybrid estate agents are ‘good for the industry’, says Andrews boss
The industry should recognise that online and hybrid estate agents are a “positive threat” and the traditional agents who carry on regardless won’t survive. That’s the view of David Westgate, the Chief Executive of Andrews Property Group (pictured, standing left), who says online competition is good because it’s “shaking us all up a bit and forcing us to think dynamically about how we move our businesses forward,” he says. “It’s a threat, but it’s a positive one that enables us to get sharper and focus on what our customers’ needs are. For me, it’s about how Andrews responds to this ‘threat’.” David, who recently received a long-service award to mark his 20 years at the firm, has overseen the introduction of an app (pictured, below) for its customers to help them manage viewings and review offers which, he says, already has 2,700 ‘live’ vendors. “We recognise that a lot of customers haven’t got the time to, or just don’t want to, talk to us directly so that’s why we developed the app,” he says. “The first thing is to define what the customer wants, then launch a service to match that through the appropriate channels. “If someone wants to come…
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