Archive

The European real estate market is the most distressed sector across Europe, research suggest. The latest Weil European Distress Index suggests the...

The European property market is the most distressed sector, new research suggests. The latest Distress Index, from restructuring firm Weil, has warned...

Foxtons is set to close and consolidate some Ludlow Thompson branches as part of plans to save £3m this year. A trading...

The intellectual property of collapsed online agency brand Doorsteps has sold for just £3,666. Begbies Traynor, the liquidator for Doorsteps, sought offers...

The government should reverse some of its latest energy efficiency policies so owners, landlords and tenants can enjoy cheaper fuel bills The...

Purplebricks staff are facing job cuts just months after the takeover by Strike. A spokesperson for Purplebricks has confirmed rumours that it...

Another Keller Williams UK (KWUK) market centre is set to close its doors but it is unclear who made the decision...

The liquidator for Doorsteps is seeking a buyer for the collapsed online agent’s intellectual property. Prospective buyers have been messaged by restructuring...

A leading property recruitment agency says that flexible working, restructuring pay and offering better benefits and incentives can help agencies across...

To be fair, there aren't a lot of things that scare me. That's not because I think I'm particularly brave, it's...

Foxtons chief executive Nic Budden is to take up the work of the chief operating officer too. In a statement to shareholders...

Hello and welcome to a new week - and even as Christmas approaches there remains plenty to report about people moving...

Spicerhaart - which is radically reshaping its structure to encourage hybrid operations and working from home as part of a new...

Good property marketing photos have arguably never been more important in an increasingly visual and tech-led world. We saw just the...

Welcome to the start of another week and as the housing market continues at full pelt, so does the movement of...

Pre-pandemic, virtual and video viewings were a nice little add-on for some agents, but they were far from universally used and...

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

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

An extensive culling of branches and staff continues apace at Countrywide as it significantly reduces the size of both its office...

At least two branches of a Countrywide agency have been closed, shortly before news broke of a proposal for a large...

Gary Keller is stepping down from his post as chief executive of the global Keller Williams estate agency empire. Although operating chiefly...

Franchise network Hunters has recorded strong figures for the first half of 2020 but a trading statement reveals the measures it...

Despite the recent effects of the Covid-19 pandemic, there is still much opportunity in the market for letting agents to grow...

Hello and welcome to the latest edition of PJT, the industry’s summary of new movers. Of course many agencies are reassessing their...

Rightmove’s new chief financial officer has a basic salary of £390,000 plus bonus options coming to a potential total of £1.75m. Alison Dolan has...

We are still living in highly extraordinary times, perhaps evidenced best by the fact that the Prime Minister, Boris Johnson, was...

A leading human resources expert predicts that agents who are poorly treated by their employers now will wreak revenge and move...

Hello and another Monday means PJT Day, your regular update on movers in the industry. You know the drill by now: if...

Hello and another Monday means PJT Day, your regular update on movers in the industry - and it’s March already. If there...

Sky News claims that Countrywide and LSL Property Services are discussing a merger to become a £500m super-agency.  In an exclusive it...

It’s been revealed that the branch closure programme by Your Move and Reeds Rains last year resulted in 460 lost jobs...

London-focussed high end agency Chestertons says it’s on the hunt for acquisitions after posting what it describes as a “record performance”...

For the stock market generally, 2019 has been a positive year - but a few high profile agencies and associated companies...

A comprehensive report into the changing complexion of the High Street suggests that some 143 estate agents’ offices closed in the...

The Guardian has revealed that small investors lured into putting money into TV property guru Kevin McCloud’s eco-friendly housing projects -...

The former Countrywide chief executive Grenville Turner says it is an option for online estate agency Yopa to go to an...

Speculation is growing about the future of online agency Yopa. This follows a key resignation from Yopa’s board and one expert’s analysis...

LSL Property Services, parent firm of Your Move and Reeds Rains, says the company’s branch closure programme was a success with profits...

Countrywide has this morning revealed that group income is down yet again - it blames continuing Brexit-related problems. It says: “The ongoing...

Humberts, the agency which was one of the first to ditch High Street offices in favour of fewer larger hubs, has...

LSL Property Services, the parent company of Your Move and Reeds Rains, has substantially 'written down' its investment in online estate...

Hello and welcome to this week’s PJT, your regular catch-up on key appointments news in our industry. It’s been a difficult seven...

The beleaguered Your Move estate agency insists there was no breach of customer privacy after an ex-employee reportedly took confidential data...

Formal consultations have started concerning the job losses and branch closures for Your Move and Reeds Rains, revealed yesterday by their...

A major restructuring of LSL Property Services has just been announced to shareholders, with substantial numbers of branch closures. The statement says...

Chestertons says its profitability in 2018 doubled compared to the previous year, but appears to have relied heavily on lettings for...

Hello and welcome to a new working week, which means your chance to catch up on the key moves in our...

Countrywide has announced the appointment of a new board member with “substantial restructuring and turnaround expertise.” Mark Shuttleworth became a non-executive director...

Traditional estate agencies could be in for a stormy autumn and face being the next casualty of the high street shake-out...

The big story to break this week in the property world was the announcement by the new owner of Humberts that...

The new owner of Humberts is to ultimately close many of the traditional branches and move to what he is calling...

A report out today shows a 19 per cent rise in the number of property businesses classified as being in “significant...

It’s being reported this morning that Countrywide will seek new investment of over £100m, probably in the next few days.  The Sunday...

Humberts’ new owner has issued a statement saying he is on “a personal mission to revolutionise the industry and become the...

First things first, I have to mention the World Cup. The dream is over, football’s not quite coming home (not until...

It has today been announced that the Natural Retreats group has purchased Humberts. The entirety of Humberts has been included in the...

Countrywide is in no rush to appoint a new chief executive, following the experience of having Alison Platt in the post...

Humberts has denied a local press report suggesting at least five of the firm’s 22 offices had already closed with some...

Maplin, Toys R Us, Carpetright, Warren Evans – what do they have in common? All are well-known high street chains that...

Countrywide has revealed precisely how many brands, branches and staff it has following the extensive and multiple restructurings of recent years. In...

Countrywide’s 132-page annual report, released today, has given details of the management and restructuring costs incurred by the company during its...

The troubled Countrywide group has this morning revealed its recovery plan to get - in its words - ‘back to basics’...

It is now an industry truism to say that Alison Platt has transformed Countrywide - but recent evidence, and now doubt...

Countrywide has announced another management restructure, this time with chief executive Alison Platt appearing to take on additional responsibilities. The announcement makes...

Sky News is reporting that OnTheMarket is to demutualise and list on the Stock Exchange.    The portal made much of its mutual...

The three-office RH & RW Clutton agency has issued a statement to say it’s alive and well - and unaffected by...

A new statement by Countrywide’s John D Wood & Co says its now-completed merger with Faron Sutaria has had the effect...

Countrywide has revealed that in 2016 it spent over £8.1m on redundancies, some £7.4m on contract costs relating to closed premises,...

Countrywide has successfully placed 21.6m shares to institutional investors at the competitive price of 175p per share - allowing it to...

Looking ahead to the Spring Budget this week, the Chancellor Philip Hammond will be obliged to face up to the implications...

The flexibility of Foxtons’ business model - especially its ability to control headcount, including the number of agents it employs -...

Cheffins, the six-office Cambridgeshire-based firm, says it is creating ”a new corporate framework” to intensify its focus on estate agency, rural...

In recent weeks I have been carrying out question and answer sessions with some of the key figures in the property...

Swiss bank UBS has given an upbeat assessment of online estate agencies in the changing housing market - but it warns...

Financial analysts at City consultancy Jefferies - which helped Countrywide float on the stock market - say 2016 is a key...

The chief executive of Countrywide says there’s “no change of course” after a 37 per cent slump in operating profits were...

Despite a controversial reorganisation taking some months and still underway, Countrywide has been recognised as one of Britain’s best employers in...

Estate Agent Today understands that Countrywide's Chief Information Officer is the latest high-profile manager to leave the organisation. Oliver Skagerlind joined Countrywide,...

Countrywide says the current malaise in the central London housing market is not, as many agents and commentators suggest, simply down...

Countrywide has confirmed that another three senior management figures have left the group as its restructuring continues apace. Estate Agent Today revealed...

Another three senior management figures have left Countrywide as the restructuring of Britain’s largest estate and letting agency continues apace. The latest...

Watch the latest weekly video round-up of news from Estate Agent Today and Letting Agent Today, featuring stories on Countrywide's on-going...

Watch the latest weekly video round-up of news from Estate Agent Today and Letting Agent Today, featuring stories on Countrywide's on-going...

Countrywide’s management restructuring continues apace with new changes aimed at “leveraging our combined sales and lettings offering through one cohesive retail team”...

The party's over. It's probably the best double entendre in the world of politics right now. For centre or right-leaning Labour...

Restructuring turmoil continues within Countrywide, Britain’s largest estate and letting agency group, with several managers reportedly being handed notices referring to...