View more on these topics

OFT to investigate property industry

The Office of Fair Trading has revealed it intends to launch a market study into home buying and selling in the UK.

It says it will be looking into traditional estate agency models and alternative ways of buying and selling homes, it announced today.

Ahead of this, the OFT will write to stakeholders to ask for their views of the industry. The study will begin in 2009.

The trade regulator says it will look into price competitiveness and quality between service providers. It will also pay particular attention to the new Internet property retailers, which have developed over the last five years.

The study may also cover the relationships between estate agents, and mortgage brokers, surveyors, solicitors and other professional advisors.

OFT chief executive John Fingleton says: “Buying or selling a home is something most people do only a few times in their life, but it is usually the biggest transaction they will make.

“We want to ensure that consumers are served well when buying or selling a home and are supported by an effective, competitive and innovative market.”

Recommended

Assureweb reveals £3.1m loss

Financial services portal Assureweb made a loss of £3.16m for the last financial year after a £4.6m loss the previous year.

95% Have moved to AIG recovery fund

AIG Life has revealed that 95 per cent of policyholders trapped in the frozen enhanced fund have opted to transfer into the protected recovery fund. People choosing to exit the fund on December 15 will get 87 per cent of their fund.

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment