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Estate News of Watford

Countrywide share price falls to lowest ever level

Shares in troubled agency group Countrywide have fallen to their lowest-ever level of 106.40p in trading this morning. Yesterday shares fell a startling 18.64 per cent and today’s is a further drop in excess of three per cent at the time of writing. Previous lows had been 108.0 and 107.0 last autumn. This follows... read more

Fri, 19 Jan 2018 10:29:09 GMT

Purplebricks could have 15% market share by 2022 according to bank

US bank J P Morgan has predicted that Purplebricks, which it says now has around six per cent of advertised homes to sell, could boost that share to 15 per cent by 2022. Reporting the forecast, financial news service Proactive Investors says its analysis shows that the average UK fee for an... read more

Fri, 19 Jan 2018 12:00:08 GMT

Connells shows Countrywide how to increase market share

Connells Group’s estate agency business increased its market share of new instructions in 2017 by almost four per cent, despite a reduction in supply of instructions to the market. The figures were released by Connells within hours of Countrywide’s trading statement warning that its profits may be below expectations and its agency... read more

Fri, 19 Jan 2018 12:00:06 GMT

NAEA admits "a sense of mistrust" leads to problems in many transactions

New research from the National Association of Estate Agents and the Association of Residential Letting Agents reveals that no fewer than 54 per cent of people who have bought, sold or rented a property in the last five years have faced problems.  In joint research, the two trade bodies say key problems... read more

Fri, 19 Jan 2018 12:00:04 GMT

108 days - the longest average time for a home to go under offer

  A new league table showing how long it takes homes to sell on average in different postcodes across England and Wales suggests the slowest area is west London where properties typically take 108 days to go under offer. By contrast the fastest areas - Northampton, Coventry and Manchester - take a typical... read more

Fri, 19 Jan 2018 12:00:02 GMT
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