Estate agency branches are bracing themselves for “a very difficult few months,” the National Association of Property Buyers (NAPB) claims. The NAPB...
Archive
01 December 2022
From: Breaking News
![Agency stocks brush off HSBC’s warnings of housing market downturn](/upload/images/Housing%20Market%20%26%20Property%20Images/HousingMarket-3-400x310.jpg)
Estate agency share prices had a mixed response to dire warnings about housing demand and prices issued by HSBC last week. The...
05 September 2022
From: Breaking News
![Purplebricks shares hit new low as Ukraine fears hit UK property sector](/upload/images/Logos/Purplebricks-2019Logo-400x310.jpg)
Share prices of estate agencies and property companies plummeted yesterday as tensions continued to rise following the Russian invasion of Ukraine. Purplebricks...
25 February 2022
From: Breaking News
![Rightmove hit by inflation fears for the housing market](/upload/images/Logos/RightmoveNewLogo2016-400x310.jpg)
Fears that the housing market may be seriously damaged by the worsening economy led to share price falls for Rightmove and others...
19 January 2022
From: Breaking News
![Purplebricks in new share collapse as Omicron spooks investors](/upload/images/Logos/Purplebricks-2019Logo-400x310.jpg)
Purplebricks share price collapsed by another 9.6 per cent on Friday. This means the agency has lost half of its share price...
29 November 2021
From: Breaking News
![Purplebricks share price now under 7% of its all-time high](/upload/images/Logos/Purplebricks-2019Logo-400x310.jpg)
A torrid period for Purplebricks' share value means it opens stock market trading today with a price of just 33p. This is less...
08 November 2021
From: Breaking News
![Sell Purplebricks! Stock market advisers tell investors to quit agency](/img/default/eat.png)
Swiss investment bank UBS has advised investors to sell their Purplebricks shares as the market share for the controversial agency appears...
16 June 2021
From: Breaking News
![OnTheMarket revamp under highly-paid new chief executive](/img/default/eat.png)
OnTheMarket is to undergo a revamp under its new chief executive, former Foxtons agent Jason Tebb - who has been given...
15 December 2020
From: Breaking News
![Purplebricks and Foxtons lead share price falls amid Covid worries](/img/default/eat.png)
Share prices for many quoted estate agencies and property portals fell in trading as fears grew about Coronavirus. London-focussed agency Foxtons was one...
22 September 2020
From: Breaking News
![OnTheMarket fails to impress with latest bid to win over agents](/img/default/eat.png)
OnTheMarket’s share price dropped again yesterday, ending down 2.4 per cent. This was despite the portal announcing a share giveaway to encourage new agents...
28 April 2020
From: Breaking News
![The final stages of Section 24 – where does this leave the PRS?](/img/default/eat.png)
This month saw the introduction of the final stages of the Section 24 tax changes, first introduced in April 2017. Whereas buy-to-let...
18 April 2020
From: Features
![Collapsed: how agency and portal shares have plunged up to 80%](/img/default/eat.png)
The human cost of the Coronavirus crisis is growing and devastating, but behind that businesses are being badly hurt too. Many consider...
30 March 2020
From: Breaking News
![Countrywide loses two-thirds of market cap in just two days](/img/default/eat.png)
Countrywide shares fell by just over 30 per cent yesterday as the stock market blood-letting continued for property stocks. The value fell 30.86...
18 March 2020
From: Breaking News
![Countrywide share price dives over 50% after takeover collapse](/img/default/eat.png)
Countrywide’s share price has dived over 50 per cent during the course of the day, following news of LSL pulling out...
16 March 2020
From: Breaking News
![Investors in Purplebricks and Countrywide take fright over virus](/img/default/eat.png)
Almost all quoted agencies and portals have suffered as a result of stock market investors being spooked by Coronavirus, with some...
13 March 2020
From: Breaking News
![PropTech Today: uncertain times to accelerate mergers and failures](/img/default/eat.png)
We live in uncertain times. That I do not need to say to anybody. I am writing this piece aboard my...
11 March 2020
From: Breaking News
![OnTheMarket share price falls to equal lowest-ever level](/img/default/eat.png)
The share price of challenger portal OnTheMarket has fallen to its equal lowest-ever level after a drop of over five per cent...
26 February 2020
From: Breaking News
![Countrywide faces crunch deadline for decision on its future](/img/default/eat.png)
It’s been revealed that under takeover rules, LSL Property Services and Countrywide have until March 23 to make merger or takeover...
25 February 2020
From: Breaking News
![Mystery of Countrywide’s indisposed Monaco buyer deepens](/img/default/eat.png)
The mystery of why Countrywide’s crucial sale of its commercial arm has failed to go through as scheduled deepened over the...
10 February 2020
From: Breaking News
![Purplebricks and Countrywide lead 2019 share price flops](/img/default/eat.png)
For the stock market generally, 2019 has been a positive year - but a few high profile agencies and associated companies...
30 December 2019
From: Breaking News
![Agent sells £53m of property within hours of General Election result](/img/default/eat.png)
An estate agent in London claims he did £53m of property deals within hours of the Conservative victory in the General...
16 December 2019
From: Breaking News
![The wind of change in the estate agency industry](/img/default/eat.png)
There has been a real wind of change in estate agency and over the last 18 months we have seen the...
16 October 2019
From: Features
![Purplebricks and Foxtons could be big winners if BoJo becomes PM](/img/default/eat.png)
Now could be the time to buy shares in Purplebricks and Foxtons if one stock market pundit turns out to be...
12 July 2019
From: Breaking News
![At least three Countrywide brands thought to be closing branches](/img/default/eat.png)
It appears that at least three Countrywide brands are undergoing branch closures as the company’s cuts continue to bite. Estate Agent Today...
31 May 2019
From: Breaking News
![Countrywide suffers ‘frozen trading’ again as share price stays low](/img/default/eat.png)
For the second day in a row Countrywide was subject to two so-called Price Monitoring Extensions - temporary freezing of trading...
25 April 2019
From: Breaking News
![PropTech Today: Do’s & Don’ts of transformation - Countrywide, Foxtons](/img/default/eat.png)
It’s not often we can enjoy beautiful sunshine on bank holidays, but I suppose this one was a particularly blessed weekend,...
24 April 2019
From: Breaking News
![Purplebricks slammed by analyst who urges investors to pull out](/img/default/eat.png)
An influential investment blog says the number of analysts and investors still believing in Purplebricks’ growth story is dwindling - and...
15 April 2019
From: Breaking News
11 August 2018
From: Features
![Foxtons share price hits new low - other traditional agents suffer too](/img/default/eat.png)
Foxtons share price hit a new low yesterday, dropping to only 46p early in the afternoon: it eventually closed narrowly up...
19 July 2018
From: Breaking News
![Revealed - How portals and Purplebricks outperform high street agencies](/img/default/eat.png)
A study of estate agencies and portals floated on the London Stock Exchange suggests that digital companies have shown much better...
18 May 2018
From: Breaking News
![OnTheMarket share price slides again - but that might mean nothing](/img/default/eat.png)
The share price of OnTheMarket slipped again on Friday - down around five per cent on the day and ending at...
26 March 2018
From: Breaking News
![OnTheMarket share slide takes its market capitalisation to under £90m](/img/default/eat.png)
OnTheMarket’s share price fell just over five per cent yesterday, continuing its troubled launch on to the London stock exchange. It...
13 February 2018
From: Breaking News
![Agents' Mutual float to begin against backdrop of stock market jitters](/img/default/eat.png)
Most listed agencies and portals suffered share price falls yesterday, creating a challenging landscape for Agents’ Mutual which launches on the London stock exchange...
07 February 2018
From: Breaking News
![Platt's legacy - Countrywide's recent torrid years](/img/default/eat.png)
It is now an industry truism to say that Alison Platt has transformed Countrywide - but recent evidence, and now doubt...
23 January 2018
From: Breaking News
![Why the stock market likes disruptors](/img/default/eat.png)
The stock exchange seems to be on everyone’s lips at the moment. There’s Agents’ Mutual seeking to float on the Alternative Investment...
12 August 2017
From: Features
![Trustpilot and Woodford stay quiet on BBC's Purplebricks probes](/img/default/eat.png)
Trustpilot, the review service quoted frequently by Purplebricks as evidence of its apparent popularity, is declining to comment on the adverse...
07 August 2017
From: Breaking News
![Speculation grows over Countrywide's 2017 performance to date](/img/default/eat.png)
Speculation is growing over whether figures to be released by Countrywide on Thursday may prompt another fall in the troubled company’s...
25 July 2017
From: Breaking News
![London housing bubble? Definitely not, predicts leading economist](/img/default/eat.png)
The chief economist of Price Waterhouse Coopers says that although by some measures the London housing market looks ripe for a...
06 July 2017
From: Breaking News
![Countrywide shares hit record low after bank downgrading](/img/default/eat.png)
Swiss bank UBS has downgraded Countrywide’s status to ‘sell’ in a move which has prompted the troubled estate agency’s share price...
16 March 2017
From: Breaking News
![Purplebricks says it has no idea why its share price is so high](/img/default/eat.png)
The board of Purplebricks has issued a statement to the City saying it has no idea what lies behind the soaring...
30 January 2017
From: Breaking News
![Confirmed - Countrywide dropped from FTSE 250 from December 19](/img/default/eat.png)
Countrywide estate agency group is to drop out of the FTSE 250 from the start of trading on December 19. The news...
02 December 2016
From: Breaking News
![Countrywide, Foxtons and other property shares tumble thanks to Hammond](/img/default/eat.png)
Share prices for both Foxtons and Countrywide took a significant tumble yesterday as news of the ban on letting agents’ fees...
24 November 2016
From: Breaking News
![Countrywide regional director is latest to quit the company](/img/default/eat.png)
Countrywide's regional director Martin Coombes has quit the company, having worked for it since the early 1990s. A statement to Estate Agent...
11 November 2016
From: Breaking News
![Trump wins: industry reacts but agency share prices generally stable](/img/default/eat.png)
Some sectors of the industry have been giving their initial reactions to the shock Donald Trump victory in the US presidential election. Camilla...
09 November 2016
From: Breaking News
![Whither Countrywide](/img/default/eat.png)
Although Brexit, portal juggling and portal wars have stolen property industry headlines in recent months, there's been one story almost constantly...
05 November 2016
From: Features
![Another Countrywide refugee moves to senior post in rival firm](/img/default/eat.png)
The former ‘retail director’ of Countrywide’s south east operations, Keith Knight, has left the troubled agency group and has returned to...
31 October 2016
From: Breaking News
![Countrywide share price slides but LSL bats off City downgrade](/img/default/eat.png)
The share prices of Countrywide and LSL Property Services diverged yesterday in response to both agency groups being downgraded by influential...
26 October 2016
From: Breaking News
![Agency modernisation means Zoopla shares 30% below fair value](/img/default/eat.png)
Investment group Shore Capital says the future expansion of digital property advertising means Zoopla shares - despite recent growth - are...
11 October 2016
From: Breaking News
![Purplebricks blasted over sales totals and speed of completions](/img/default/eat.png)
City consultancy Jefferies has made a blistering attack on Purplebricks’ sales performance and finances, saying “the arithmetic…still does not add up.” Last...
22 July 2016
From: Breaking News
![MIRAS: Could Theresa May go back to the future?](/img/default/eat.png)
I’m indebted to one of the most enthusiastic estate agents I’ve had the pleasure of meeting for suggesting the subject of...
15 July 2016
From: Features
![A new Prime Minister - and will that be followed by an interest rate cut?](/img/default/eat.png)
The news that Theresa May will be installed as Prime Minister tomorrow has immediately stabilished the share prices of estate agents...
12 July 2016
From: Breaking News
![Countrywide, Purplebricks, Foxtons share prices tumble - portals less so](/img/default/eat.png)
As post-Brexit referendum vote shockwaves continue to reverberate around stock markets and currency exchanges, many publicly-quoted property companies took a hit...
28 June 2016
From: Breaking News
![Foxtons issues profits warning as Brexit jitters continue](/img/default/eat.png)
Foxtons says the vote to leave the EU means the expected upturn in the housing market in the second half of...
27 June 2016
From: Breaking News
![Purplebricks share price loses almost 25% of its value since flotation](/img/default/eat.png)
Purplebricks, the online agency that floated a month ago at 100p per share, was yesterday down to 75.0 at one point...
20 January 2016
From: Breaking News
![More tough stock market trading for Purplebricks, Countrywide and Foxtons](/img/default/eat.png)
There has been more volatile stock market trading for some of the industry’s highest-profile agencies. Countrywide - whose chief executive Alison Platt...
15 January 2016
From: Breaking News
![Difficult day of trading for Purplebricks on London Stock Exchange](/img/default/eat.png)
Purplebricks recorded a volatile bout of trading on London’s Stock Exchange yesterday, where it ended the day with a 5.7 per...
08 January 2016
From: Breaking News
![Estate agents' share prices hit by Countrywide's tumble](/img/default/eat.png)
Estate agents’ share prices have taken a knock after poor figures reported to the City by Countrywide suggested a wider malaise...
05 November 2015
From: Breaking News
![Countrywide – A Titanic failure waiting to happen?](/img/default/eat.png)
It’s rare for an incumbent to pivot to a disruptive business model, even in the face of compelling logic that they...