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Estate News of Watford

Government set to ban leaseholds on new-builds in England

The government says it wants to ban “unfair” leasehold charges imposed on buyers of new-build homes in England.  Under the measure, subject to an eight week consultation period starting this week, leaseholds on new-builds would be outlawed and ground rents could be reduced. The initiative, believe to be scheduled for formal announcement today, comes after... read more

Tue, 25 Jul 2017 06:49:00 GMT

Speculation grows over Countrywide's 2017 performance to date

Speculation is growing over whether figures to be released by Countrywide on Thursday may prompt another fall in the troubled company’s share price. Commercial property magazine Property Week has discovered that Countrywide is being targetted by ‘short sellers’ in anticipation that its share price will drop.  Short selling is the sale of a stock... read more

Tue, 25 Jul 2017 12:00:08 GMT

CMA reveals details of go-ahead for ZPG/Expert Agent merger

The Competition and Markets Authority has released the full wording on its decision to give the go-ahead to ZPG’s acquisition of Expert Agent. The deal was called in to ensure there were no uncompetitive overlaps involving ZPG subsidiary Property Software Group. The CMA gave the in-principle go ahead to the deal - which... read more

Tue, 25 Jul 2017 12:00:06 GMT

NAEA to stage anti-money laundering classes and trial new app

The National Association of Estate Agents is rolling out a series of masterclasses to prepare members for the European Fourth Anti-Money Laundering Directive - and it wants some agents to trial a new app to help fight against money laundering. One of the key points in the directive is the extension of... read more

Tue, 25 Jul 2017 12:00:05 GMT

Reapit launches software to handle after-hours correspondence

Reapit has launched a new digital product following agents’ demands to handle an increasing volume of out of hours dealings with the public.  Reapit has analysed 278,000 internet enquiries received by its clients during 2016 and found that 57 per cent were made outside of business hours. Now it says its RPS Digital... read more

Tue, 25 Jul 2017 12:00:04 GMT
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