Ombudsmen reports increase in disputes


More and more people are reporting property disputes, according to the Ombudsman Christopher Hamer, who said this morning that the number of people calling up with complaints about estate agents had soared 79% in the past quarter.

This is indicative of both more awareness about the redress scheme's existence (after all it has only been compulsory since October last year) and of the market picking up.

Complaints about sales have shown some increase on last quarter but are still down by a third on last year - presumably because there are less sales going on.

Although it seems a little odd to celebrate more complaints in the market (and note that lettings agents are still not regulated in the same way), there can be no more important marker of the sector than its ability to regulate itself and deal with rogue elements.

Read the whole story here

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This page contains a single entry by Helen Roxburgh published on October 21, 2009 11:44 AM.

LSL snaps up Halifax to become UK's second-biggest estate agency was the previous entry in this blog.

Buy-to-let regulation causes division in the market is the next entry in this blog.

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