Archive

Retail queen Stacey Cartwright will succeed Nicholas Ferguson as chair of Savills from December 31 - but she inherits a company...

The share price of LSL Property Services dropped around 16 per cent at one point yesterday following a profits warning given...

Double-think, for those who have not read George Orwell, is when people are expected to accept two conflicting beliefs as truth,...

John D Wood - which along with Hamptons is regarded as the prime end of the suite of agency brands now...

The Skipton Building Society, which owns Connells estate agency, says the house-selling arm helped it reach a record profit pre-tax profit...

The LSL Property Services group - which is increasingly focussing activities in the mortgage and personal finance world - has issued...

The Purplebricks share price remained relatively unchanged yesterday following the shock announcement that chief executive Vic Darvey was quitting the company...

High end estate agency Savills says the imposition of sanctions on Russians, amid new measures obliging overseas buyers to be more...

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...

Housing market analyst and PropTech entrepreneur Anthony Codling says that the next few weeks will determine whether Boomin is the portal...

There’s been another large rise in fee earnings for Rightmove this morning, as the portal softens the blow by announcing a...

Seven years after it launched on the London Stock Market, speculation continues that Purplebricks may be about to de-list and return...

Purplebricks is claiming that literally thousands of High Street agents from conventional bricks-and-mortar firms are applying to the agency. It says this...

Hybrid agency EweMove - which has a mix of working-from-home agents and High Street branches - has had an outstanding year...

Purplebricks says there’s an uncertain period ahead following a sharp loss of revenue in the first half of its trading year. In...

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

A trading statement this morning confirms a large revenue rise for LSL Property Services. Group revenue increased by around 23 per cent last...

OnTheMarket has this morning told shareholders that its performance is ahead of expectations and it's on course to make improved profits...

Winkworth has told its shareholders that it expects approaches from prospective franchisees to open new branches this year. In a trading statement...

Purplebricks’ share price has hit its lowest-ever level following the postponement of a trading statement after the company admitted a blunder...

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

The Property Franchise Group, the agency industry’s largest franchise operation, has reported strong performance in recent months. Chief executive Gareth Samples has...

Purplebricks' share price tumbled a remarkable 34 per cent this morning when trading opened on the London Stock Exchange. The price crashed...

Knight Frank has reported a record pre-tax profit and has reimbursed staff who sacrificed some salaries during the pandemic. The agency - which has...

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

OnTheMarket figures for the first half of this year show stronger revenue and improved profits. Agency numbers have increased modestly since January...

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

The chief executive of Purplebricks says he wants to move his agency’s 600 Local Property Experts from self-employed to employed status...

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

Savills has reported a bounce back after the Covid-hit performance in 2020. The agency has substantial overseas and commercial property and consultancy...

A young franchisee with hybrid agency EweMove is expanding into another area just over nine months since launching his agency. Chris Wells,...

Volume house builder Taylor Wimpey has announced a pre-tax profit for the first half of this year of £287.5m - and...

Belvoir has issued another upbeat trading report, saying its revenue for the first six months of the year is up 53...

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

Hybrid agency EweMove has continued growing with the sale of 37 new territories in the first six months of the year...

Purplebricks has addressed its critics on house sales by pledging to return vendors’ upfront fees if the agency fails to find...

Purplebricks will this week reveal the result of almost two years of trials into a new pricing structure.  The details will come...

There’s been a dramatic slump in instructions for online agencies, particularly Purplebricks, according to data produced by one online firm itself. 99Home...

EweMove, the high profile hybrid estate agency owned by The Property Franchise Group, says it has recruited a record 30 new...

OnTheMarket, which a few days ago indicated it was in profit for the first time, is to woo potential new investors...

OnTheMarket’s new chief executive has posted his first full year’s trading figures - and they suggest the portal is making progress...

In a trading statement this morning Foxtons has revealed that following a 49 per cent increase in sales revenue in the...

Britain’s second largest estate agency has outlined radical new plans to shift direction, making financial services and not sales or rentals...

The Property Franchise Group’s hybrid agency EweMove more than doubled its income in 2020 to £5m, according to a statement to...

An increased focus on the provision of financial services has helped boost the trading figures released today by LSL Property Services,...

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

Pressure is building on London agency Foxtons to repay its furlough funding. The company issued an upbeat trading statement on Wednesday; while...

Foxtons says it's set for radical new investment and further takeovers following the acquisition of rival London agency Douglas and Gordon. In...

It's been confirmed that Foxtons has bought rival London-focussed agency Douglas & Gordon. In a trading statement this morning Foxtons tells its...

Rightmove has revealed its figures for the full year 2020 - down in terms of profit and revenue because of the impact...

Connells Group says it is the UK's largest estate agency group by market share - and that's before the Countrywide acquisition...

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

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

The speed and success of the Coronavirus vaccine programme holds the key to the housing market rebounding in the second half...

Mystery still surrounds the number of homes actually sold by Purplebricks, despite upbeat statements regarding the number of instructions it wins. The...

Purplebricks says it’s to continue to test new pricing models next year - and has not ruled out completely moving away...

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

Foxtons has this morning reported to shareholders that its sales revenue has improved - although both mortgage and lettings revenue have...

The saga over the future of Countrywide continues with the company urging its shareholders to take “no action” over the latest...

Connells has this morning made a dramatic improvement in its bid to takeover Countrywide. It has increased its cash offer from 250p...

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

Countrywide has this morning rejected an £80m offer made for it by Connells Group. On November 23 Connells announced that its due...

Criticism of the management of Countrywide has reached new levels of derision as the mainstream media have attacked the chaos surrounding...

A statement this morning from Countrywide's board says both its executive chairman and its group managing director are leaving the company.  It...

Connells has increased the temperature in its bid for Countrywide with a surprise statement this morning outlining risks run by Countrywide if...

Countrywide shares soared yesterday, rising 47 per cent on the previous close at one point as investors relished the prospect of...

Foxtons has announced that its remuneration policy for senior management is to stay unchanged - and it says a voting problem...

Knight Frank is in talks with HM Revenue and Customs to return furlough money as a result of relatively strong trading, notwithstanding...

Purplebricks has issued a statement to its shareholders saying it’s ‘never been more relevant’. However, the expected radical change to its fees structure appears...

A trading statement from Foxtons this morning provides a rare piece of good news for the troubled London agency. It says business...

The troubled Countrywide group has announced a £90m investment by Alchemy Partners, a private equity company that specialises in investing in...

OnTheMarket’s acting chief executive says the portal will embrace more social media and innovative marketing strategies in the coming period. Yesterday the...

OnTheMarket’s latest trading update shows a significant rise in revenue but agency branch membership numbers stalling. Revenue was up 28 per cent...

OnTheMarket says it’s going to issue its next trading statement one week today on October 13. This will cover the first six...

The agency leading the Say No To Rightmove campaign has returned all of its offices and brands to Zoopla. The Acorn Group,...

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

OnTheMarket has this morning announced record leads during August, beating July’s previous record. The portal generated over two million leads in August, an...

Hybrid agency EweMove has outperformed its traditional sister companies within The Property Franchise Group over the past six months. That’s the clear...

If anyone thought the days of Purplebricks bosses making millions were in the past,  think again. The chief executive and chief finance...

Connells Group has announced its trading statement for the first half of 2020 - and its support for its staff is...

An investment adviser says Purplebricks remains “far too risky” for investors even though it now has “a fighting chance of survival”. Rodney...

It must have been a close thing on Friday as to whose faces were looking the most glum - those at...

Almost all estate agents are still saying Yes to Rightmove, according to figures produced by the portal this morning. Membership numbers for...

The UK residential activities of high-end agency Savills suffered a 54 per cent reduction in profits and an eight per cent...

The chairman of LSL Property Services - Simon Embley - says he is “increasingly optimistic” about the outlook for the market,...

    Purplebricks says changes to its fees structure - possibly becoming less reliant on controversial upfront charges - has been delayed until...

Purplebricks has revealed that its new board member is one of the world’s leading digital executives.  Dr Stephanie Caspar is the new...

A trading statement from Foxtons this morning reveals that 85 per cent of staff are now off furlough, and that the...

The EweMove hybrid agency has been singled out for special praise in a trading statement from its parent company, which also...

It is widely expected that Purplebricks will shortly reveal the result of an experiment with a number of different pricing strategies. The...

Purplebricks is selling its Canadian business. The sale comes little over a year after the troubled agency closed both its failed Australian and...

One of the key members of the Purplebricks board has stood down after two years. Andreas Wiele joined the Purplebricks board in...

Countrywide has released details of its trading performance, including the knock its income has received as a result of the housing...

Savills has revealed the measures it has taken to mitigate the impact of the Coronavirus on its activities and balance sheet. The...

Revenue for The Property Franchise Group was hit by 20 per cent cent thanks for the lockdown - but sales listings...

OnTheMarket says in a trading statement this morning that as of May 31 only some 9,000 branches were on paying contracts...

LSL Property Services has this morning released details of its response to the Coronavirus crisis. All members of its board have taken...

OnTheMarket is to issue its annual figures next Thursday, June 11. The report only covers the portal company’s financial year which ended...

The Property Franchise Group - parent company of six agency brands including EweMove and Martin & Co - says all of...