National Association of Estate Agents

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    Estate agents are getting ‘proptech fatigue’ claims NAEA

    Comments made to a national newspaper yesterday by the NAEA's Chief Executive suggest the industry faces too many tech companies trying to sell them solutions to problems that don't exist.

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    Where have all the vendors gone? Housing supply hits record low in March

    NAEA says the levels of sellers and buyers 'aren't where we'd expect them to be' during what is traditoinally the busiest month of the year for agents.

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    Christmas slowdown ‘more severe’ as politicians squabble over Brexit

    The NAEA has blamed growing weakness in the housing market on the continued polticial uncertainty being created by Brexit.

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    Former MD of troubled estate agency Humberts joins presidential team of NAEA

      The NAEA and ARLA have both ushered in their new presidential teams following the Propertymark annual general meeting and dinner at London’s Savoy hotel on Friday, including the appointment of Ian Westerling (pictured, right) as Vice President of NAEA. Ian recently stepped down as Managing Director of Humberts after the ailing firm was sold to a travel company, and now holds a ‘special projects’ role at the company. He is joined by Mark Bentley (pictured, left) of Birmingham agency Paul Carr who replaces outgoing President Katie Griffin, and Lauren Scott of Whitley Bay firm Trading Places (pictured, below) who is now President Elect. As well as looking forward to meeting the fellow member agents, Mark says he also wants to work “with the Propertymark board in encouraging the government to move forward with their indicated intention to look to regulate the sector and to find a way to speed up the house buying and selling process”. ARLA ARLA’s new team at the top is Peter Savage (pictured, left), who is now the organisation’s president, replacing Sally Lawson. Peter has been ARLA president before during 2015/16 and is chairman of Oxfordshire lettings agency Simplify Housing, the website for which was…

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    Estate agents to face mandatory qualifications and referral fee transparency

    Government outlines aggressive new measures to put "consumer in the driving seat" says Housing Secretary Sajid Javid.

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    NAEA rebuffs calls to halt election for Vice President

    An attempt to halt the voting process for the post of Vice President of the National Association of Estate Agents (NAEA) has been turned down by Chief Executive Mark Hayward in an email sent to SW-based agent Chris Wood yesterday. In it Mark confirms that he and the NAEA Propertymark board had been made aware of Chris’s request to halt the election process, and that they were also aware of the new processes in place to elect the Vice President, and other posts. The email also says Mark and the board were aware of Chris’s concerns about the process but were “completely satisfied that the process was correct and robust [and that] therefore the election will go forward in the normal manner. Final response Mark also said it would be the NAEA’s final response with Chris prior to the AGM on June 16. On Wednesday Chris had previously written to Mark asking him to confirm whether due processes was adhered to and suggesting that the NAEA appeared to “be playing for time” and wanted to “obfuscate due process”. Chris Wood was one of several agents proposed for the Vice President role but, following a panel interview, not proposed as a…

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    Property market goes into Xmas deep freeze

    Latest property market figures from the National Association of Estate Agents (NAEA) reveal how much the government’s recent increased Stamp Duty and other measures to put off landlords plus the post-EU referendum slowdown have taken their toll during the run-up to Christmas. Almost all indicators for house sales in the UK are down, its research shows, including asking prices and the supply of and demand for property. And although this can be blamed on the traditional Xmas slowdown, it’s the most severe since records began. Agents sold fewer properties per branch during November than in previous months, down from nine in September and October to eight properties last month. Also, four out of five properties or 84% sold for less than the asking price during November, the highest proportion since the NAEA began gathering data in 2013. Last year the proportion was 76%. Also, during November the number of house hunters fell by a fifth or 22% from 440 to 344 registered per branch. Supply also fell – the number of properties on agents’ books dropped from 43 to 39. As a proportion of sales, first time buyers have eased off slightly from 32% to 29%. “Following the EU referendum earlier…

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    Housing Market

    Property demand continues to soar

    With uncertainty regarding the outcome of the general election over, demand to buy and rent property rose sharply in May, according to the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (ARLA), but property supply is not keeping pace. The NAEA report that demand from buyers hit an eight-month high last month, with 383 house hunters registered on average per branch in May, up from 344 in April, and the highest number recorded since September 2014, when 406 house hunters were registered. The supply of properties coming onto the sales market also rose in May with 46 houses up for sale per NAEA member branch, compared to 43 in April, but remains well below the level needed to help meet rising demand levels. Nevertheless, this led to a marginal rise in the number of sales per member branch, with nine sales agreed in May, compared to eight in April. Mark Hayward (left), Managing Director at NAEA, said that the increase in the volume of house-hunters searching for homes was owed to a rise in confidence following the certainty that the outcome of the General Election delivered. He commented, “The housing shortage will not be solved…

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