Online property sales grow

A BBC2 programme last week lifted the lid on the growing practice of house hunters selling their properties on the internet to escape estate agent fees.

Titled Beat the Estate Agent, the show revealed that about 75% of people looking for property now carry out a search on the web. Last year, Brits paid agents £2.5bn in commissions and on average estate agents charge 1.5% commission or around £3,000 on a £200,000 home.