Archive

It’s taken eight years but one of London’s highest profile estate agencies says the value of its Under Offer pipeline has...

Winkworth has revealed that it has not renewed franchises on offices “where our standards were not being met and results were...

Any estate agency will have noticed the rise of the “personal agent” in the industry, with interesting propositions from eXp, The...

Savills has claimed most of the property markets It operates in are past “peak uncertainty” after posting lower revenues and profits...

Analysts have given their backing to Rightmove’s stock market prospects but there are warnings that it can’t “rest on its laurels”...

Rightmove has reported a 7% rise in operating profit despite losing agents last year. The portal’s latest annual report released this morning...

Proptech firm iamproperty has acquired data and prospecting firm Information Works for an undisclosed sum. It will help the platform’s partner agents...

Property brand and auctioneer Bond Wolfe has recorded total sales revenues of more than £178 million for 2023. The auctions division raised...

Rightmove’s entry into the mortgage market presents a threat to financial services leads, agents have been warned. The portal said in a...

Rightmove is expecting more money from agents this year and is also looking to grab a slice of the mortgage market. A...

Propertymark has expressed its opposition to Scottish Government plans to increase council tax premiums on second homes. Speaking to the Scottish Parliament’s...

Most weeks there are stories within the property sector that quietly slip under the radar - but which hold huge significance.  Last...

The Property Franchise Group (TPFG) has posted record revenues for the first half of the year despite the subdued market. An interim...

The slower sales market has started hitting high-profile agency and property brands. Agency franchise brand Winkworth’s half year results yesterday showed network...

Property franchise and financial services group, Belvoir plc, has reported increased half-year revenue and pre-tax profits. Revenues grew 3% to £15.9m, management...

Property taxes collected in Scotland have risen nearly 50 per cent in just two years according to analysis of the latest...

A new self employed agency business that launched into the UK market last month claims its success elsewhere in the world...

Rightmove has posted its highest half-year revenue growth for five-years, helped by increased agency investment in the portal’s tools. A half-year update...

Foxtons has seen its sales revenues decline during the first half of the year but insists its turnaround is working. The London...

A successful European self-employed agency business has entered the UK market. With annual revenues of more than £500m and 20,000 partner agents,...

Conveyancing software provider Smoove’s flagship agency product has been “paused.” Smoove Start was launched last year, providing a platform for agents to...

Property Webmasters has launched an overseas property opportunity for its estate agency clients to earn ‘passive income.’ The website and marketing tools...

Shares in Winkworth rose close to their recent highs yesterday despite the agency franchise brand reporting a drop in revenues and...

The majority of estate agents are in the dark about the Government’s Economic Crime Levy (ECL), when it was implemented or...

The Property Franchise Group (TPFG) has described its sales business as ‘operationally challenging’ for last year despite posting a record financial...

Higher utility and staffing costs pushed profits down in Savills’ UK residential business last year. The property and agency brand revealed in...

Agents may have been slightly put out by Rightmove reporting a boom in user fees despite a drop in members, but...

The Connells Group has said it remains optimistic about the year ahead after reporting falling profits and a decline in exchanges...

The UK estate agent industry is expected to grow by 3.2% in 2023, new figures suggest. Hybrid agent Nested analysed historic data...

Foxtons is expecting a “more challenging” year as it nears completion of an operational review of its business. The London-focused agency brand...

OnTheMarket chief executive Jason Tebb has said he is “pleased with the progress” of getting agents to renew contracts as the...

The Scottish Government’s Budget this week is being described as an opportunity to help homebuyers and to make the country an...

The sales progression function is what binds the whole property transaction together and the importance of effective sales progression in the...

Foxtons has upped its expectations for its full year financial performance despites acknowledging a “less certain market backdrop.” A trading update from...

Rightmove has named Johan Svanström, former chief executive of travel booking website Expedia Group Inc and McDonald's Corp as its new...

Scotland may face “serious labour shortages” due to its relatively high property buying taxes compared with in England, a leading agent...

An exclusive partnership has been agreed between OnTheMarket and MIL Outsource to provide the property website’s agents with a revenue protection...

Estate Agent Today has been told that Lecram Holdings – the investment vehicle of Adam Smith which last week increased its...

OnTheMarket-owned software platform teclet has unveiled a new partnership to help landlords, tenants, sellers and buyers arrange their removals and storage...

The sales process is starting to speed up, The Property Franchise Group (TPFG) has claimed. Gareth Samples, chief executive of TPFG, which...

The Property Franchise Group (TPFG) is still expecting a strong 2022 after posting increased half-year revenues and profits this morning. The listed...

Winkworth has claimed to have sold more properties than any other agent during the first half of the year. The bold claim...

More than 1,000 estate agency branches are to join iamproperty’s partner network from SDL Auctions after a trade deal between the...

Spicerhaart has posted a 21% boost in revenues despite sales taking longer to complete in the second half of the year,...

High-end estate agency Savills has posted a mixed set of half-year results, with revenue up to over £1 billion but the property...

Last week was quite a week for major trading updates, with four of the market’s biggest players announcing either half-year or...

The historic Chestertons brand, one of London’s largest and oldest estate agents, has today announced the appointment of John Ennis as its new...

Yesterday’s publication of Purplebricks’ annual results – which made for very difficult reading for the troubled brand – came as part...

Purplebricks has this morning announced its long-awaited annual results, delayed since July 12 due to internal changes. It shows that revenue...

Rightmove has been backed to weather the cost of living crisis and a property market downturn. Analysis by investment service Wealth Club,...

Lettings has helped drive Foxtons revenue and profits for the first half of the year, a company update has revealed. The listed...

Homesearch has partnered with professional body Propertymark, to provide increased support to its estate agent members and boost innovation across the...

Purplebricks is to increase its pricing and drop its money back guarantee. In one of the first acts by new chief executive...

Foxtons has announced the acquisition of two estate agents worth £10.55m. The listed agency giant has acquired IMM Properties Ltd, trading under...

Belvoir has reported that group revenue is up 14% in the first four months of the year, helped mainly by its...

Agency franchisees with brands such as Hunters, Martin & Co, Belvoir and EasyProperty are being given the chance to sign up...

From the beginning of April, long-awaited rules from the National Trading Standards Estate and Letting Agency Team (NTSELAT) came into effect....

The latest trading update from Foxtons has revealed that sales revenue in the first quarter of this year was down 9%...

Winkworth agents posted record sales income last year, attributed to the stamp duty holiday. The London-listed agent franchise group revealed in its...

Foxtons, Chancellors and Douglas & Gordon have been named among the first paid-up agency brands on Boomin. The challenger portal, launched by...

The Property Franchise Group (TPFG) is planning more acquisitions after a busy 2021 for buying-up agencies. The umbrella property brand, which incorporates...

The Property Franchise Group has reported record like-for-like revenue for 2021. The umbrella property brand, which incorporates well-known names such as EweMove,...

Foxtons has told shareholders that it has enjoyed "a good year of progress with revenues, profits and cash flow significantly ahead of...

OnTheMarket’s transformation into a “tech-enables property business across the broader property eco-system” is gathering pace according to the portal’s chief executive. In...

A lead generation platform that boasts Leaders, EweMove and Northwood amongst its clients says it’s expanding into mortgages. Rentround, now in its...

A former Purplebricks chief is the new CEO of rival online company Yopa. Verona Frankish has been involved in the property industry...

OnTheMarket has signed a deal with Brickflow, a new comparison site for development finance.   The portal says the partnership will provide member...

Foxtons has confirmed its intention to sell the sales side of Douglas & Gordon, the London agency chain it acquired only...

The PropTech network Coadjute, which says it will ultimately slash the time it takes to move house by as much as...

Bowmark Capital is selling its Leaders Romans Group, one of the UK’s largest property services groups, to another private equity operator, Platinum...

Zoopla’s chief operating officer says the portal has made progress for agents in 2021 but recognises there’s more to do next...

The investment arms of Savills and the Daily Mail General Trust have pumped more cash into online agency Yopa which has...

Franchise giant Winkworth says at least eight new offices will open next year, following an upbeat performance in 2021. In a trading...

Foxtons has given an upbeat trading update to shareholders this morning. It says so far this year sales revenue is a huge...

Franchise giant Winkworth says it has backed the start up of a commercial company advising on investment in retail or business...

Referral revenues shared between agents in a major industry trade group has hit over £1.35m.  Daniel Pepperell, regional director at The Guild...

Purplebricks has this morning confirmed that it’s ending its self-employed Local Property Experts operation and is moving to “a fully employed model...

A leading tax expert is advising investors to “plan your disposals” after new Capital Gains Tax figures have raised speculation of...

Rightmove has reported a dramatic bounce back in its fortunes - and it’s making more money from agents even than before...

Remember the early days of lockdown when there was a general panic? Perhaps the hot demand for toilet rolls was a sign...

Peter Everett - a veteran High Street estate agent with a quarter of a century at LSL and a decade at...

Who are you and what does it say on your business card? I’m Ben Ridgway, Group Managing Director at iamproperty. What is iamproperty...

An insolvency specialist is warning that the real estate sector of the UK is seeing more firms in financial distress despite...

Winkworth says Covid and its aftermath will not derail plans to open five offices a year.  In a trading statement to shareholders...

OnTheMarket says it’s going to increase investment in new products and services, and invest further in ‘internal website development resources’. In a...

Today’s the day when Parliament debates a possible extension to the stamp duty holiday beyond its March 31 cliff edge deadline...

A large majority of estate agents fear a surge in 'failed sales’ as the stamp duty holiday cliff edge gets ever-closer. The latest National...

The stamp duty holiday should be extended to include properties that have exchanged but have yet to complete, a leading accountancy...

By any available metric, Belvoir had a good 2020. Already a well-known and well-established name, it was highly praised for its...

Revenues for LSL Property Services - owner of Your Move and Reeds Rains - dropped last year by 15 per cent. Although...

Countrywide’s former management seriously damaged the company’s share value and status by adopting a flawed business plan - and then executing...

A £17.8m pre-tax loss has been reported by Yopa in its latest financial statement filed at Companies House. Figures lodged just before...

Revenues have slumped by 18 per cent at LSL Property Services, the corporate which boasts Your Move and Reeds Rains and...

A leading property consultancy is suggesting that a possible increase in Capital Gains Tax could end up losing money for the...

The UK has topped the rankings for the highest property taxes as a percentage of overall taxation in the developed world...

Belvoir has become the latest major agency group to sign up to Boomin as a founder agent.  The properties of all four...

Property tax rises and falling house prices look as if they are on the way according to the small print accompanying...

Today sees the government’s Spending Review, with Chancellor Rishi Sunak taking centre stage as he presents a 12 month spending plan to...

The new property portal Boomin has revealed its fees structure for agents. Tapping into the industry debate over portal fees, Boomin describes...

The six brands that make up The Property Franchise Group are the latest signings for yet-to-launch portal Boomin. TPFG’s brands are national...