Archive

Foxtons has revealed that the chair of the troubled agency’s remuneration committee has stood down with immediate effect. This are also unconfirmed...

Troubled London estate agency Foxtons says it has rewritten its remuneration policy for its senior management following a shareholder revolt at...

OnTheMarket’s share price slumped to an all-time low just before the end of trading last week. The price fell to 69.0p during trading on...

Purplebricks has this morning released a brief and relatively downbeat trading statement to the City and its shareholders. The statement applies to the...

Foxtons' latest trading statement shows another fall in sales revenue - but this time lettings income is down too. In an announcement...

Knight Frank - which a year ago loudly announced a 14 per cent profits leap - has now reported an 11...

The troubled ‘star fund manager’ Neil Woodford has drastically reduced his stake in Purplebricks: he now owns less than five per...

OnTheMarket is delivering agents “a higher marketing yield than Rightmove” according to an investment consultancy which works with OTM. Investors appear to...

OnTheMarket has this morning posted its latest results to the stock market. The portal reports that 2,346 branches had converted to full-paying...

A trading statement from OnTheMarket reveals that fewer agents than anticipated have so far converted from free or discounted deals to...

Winkworth’s trading statement for the first half of 2019 show the company’s revenue and pre-tax profit both dipping slightly - but...

Purplebricks’ recent strong share price rise is not a good sign for the agency but an indication that it may be...

Franchise giant Hunters says its branch network has now hit 200 following a spate of acquisitions in the first half of...

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

A media report suggests a mystery ‘predator’ is attempting to acquire Countrywide.  The Daily Mail this morning, quoting unnamed “City sources,” says a...

Countrywide’s branch closure programme, shrouded in secrecy even to shareholders, may have involved shutting 250 offices according to an insider. The individual...

I missed the biggest property story of the week and it’s only scant consolation that almost everyone else seemed to miss it...

Former Countrywide employees who take to social media or the mainstream press to criticise the company are betraying those who remained...

Connells Group has repeated its claim, made in recent months in the light of trading figures, that it is now the...

Countrywide has told Estate Agent Today that it will not be releasing any figures on the branch closure programme it introduced...

After months of difficulties and closures for many online and hybrid estate agencies, EweMove claims to have bucked the trend. In a...

In a trading statement this morning, Countrywide says it has “a new covenant package with lenders provides the financial flexibility to...

Connells Group has this morning announced a profits dip for the first six months of the year.  Its pre-tax profits were £26.2m...

A note sent out by OnTheMarket chief executive Ian Springett has suggested that the way estate agents work may directly lead...

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

Rightmove’s half year figures this morning continue to show strong growth in profits and revenue - but there are the first...

Foxtons’ sales slumped another 10 per cent and its total revenue dropped another 3.5 per cent according to figures released this...

Shareholders at today’s annual general meeting of OnTheMarket will hear the latest conversion figures showing how many agents on free or...

The next key date to measure the progress of Countrywide’s controversial Back To Basics programme is at the end of this...

The new chief executive of Purplebricks believes hybrid agents could win '20-30% market share' in the UK. Vic Darvey, who replaced Michael...

OnTheMarket chief executive Ian Springett says rival portals may want to “interfere” with his aim of converting agency members from free...

Figures released from OnTheMarket this morning suggest that its conversion programme for agents shifting from free deals to paid membership is...

Purplebricks has announced that it is to give a trading update and the result of its review of its US activities on...

Purplebricks share price has risen over 10 per cent - at least temporarily - on news of a major expansion of...

The Annual General Meeting of Foxtons shareholders in London has seen a dramatic rebellion against bonuses for senior management. There were 14 resolutions put...

Purplebricks, which recently admitted that it had been over-ambitious in its overseas expansion, says it will give “a further update” on...

The founder of franchise giant Belvoir, Mike Goddard, has now stepped down as chair of the company, two years after quitting...

In a shock announcement Purplebricks says founder Michael Bruce is to leave the business and its Australian operation will shut. “With hindsight, our rate of...

Countrywide’s share price woes continued yesterday with another new low being reached in early morning trading. A low of 6.5p at close...

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

OnTheMarket has applied to the London Stock Exchange for the release of over 528,000 new shares to agents who have signed...

Hybrid estate agency has reported a modest pre-tax profit of some £400,000 as part of the 2018 results of its parent...

Winkworth’s latest trading statement reveals that while its rental side blossomed, sales suffered thanks to the familiar cocktail of Brexit, uncertainty...

OnTheMarket has applied to the London Stock Exchange for the release of shares to agents signing long term deals with the...

Savills has this morning talked up its investment in onliner Yopa, which it claims is the sixth largest estate agency in...

Family-run Chelsea agency Russell Simpson is marking 40 years of business by expanding for the first time in its history, opening...

Countrywide’s executive chairman and group managing director have spoken to Estate Agent Today about the impact of Brexit on the company,...

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

Rightmove has this morning given its 2018 report to shareholders, laying bare the huge financial wealth of the company which dominates...

Foxtons has ruled out further branch closures as it continues to struggle against what it calls “the continued weakness” of the...

Connells Group says investment in PropTech will be the way to safeguard its almost-600 High Street branches - and it’s repeated...

The chief executive and founder of a developer and property investment group says Purplebricks is “an excellent business” but its recent...

Purplebricks’ eye-watering share price fall yesterday was greeted with widespread satisfaction by property professionals outside the online sector. The agency’s share price...

Purplebricks has this morning warned investors its foreign activities are not going as well as predicted - although it insists it is...

The Daily Telegraph has gone public with City speculation that Chicago-based real estate consultancy JLL may be interested in buying Savills. Both...

A trading statement this morning from beleaguered agency group Countrywide reveals that its revenue is down again - but it insists...

New figures released this morning from OnTheMarket claim its listing inventory bis now over 80 per cent of the size of...

The Property Franchise Group says its online/hybrid agency EweMove traded profitably throughout  last year and will show “a significant improvement” over...

OnTheMarket says it now has listings agreements with more than 12,500 estate and lettings agency branches. In a statement to shareholders and...

Foxtons has reported further small slides in both revenue and profits for 2018 - but sales income plummeted from £43m to...

Franchise giant Hunters, which started 2019 by announcing two new branches, is to open another four next month after an upbeat...

LSL Property Services - parent company of Your Move, Reeds Rains and London agency Marsh & Parsons - has given a...

Savills’ residential business grew market share last year in the UK despite what it calls “challenging conditions.” In a trading statement to...

Purplebricks says it has £100m net cash to exercise “relentless innovation” and benefit from an industry shake-out that will ”expose undercapitalised traditional...

Belvoir has this morning announced that it has acquired MAB Glos, part of the Mortgage Advice Bureau.  The £3.6m deal, done through...

East Midlands estate and lettings agency Jackson Grundy has signed up to OnTheMarket. The firm, with its Northampton headquarters, has 10 sales...

Foxtons has this morning confirmed that it has now closed six branches. There was high-level publicity given to the closure of its...

Purplebricks says it has seen year-on-year revenue growth of about 20 per cent despite what its chairman calls “a challenging UK...

Countrywide has given Estate Agent Today exclusive details of progress on its Back To Basics programme as it seeks to recover...

One of the brokers working with OnTheMarket says the portal will not be profitable until 2021, but predicts that its target...

OnTheMarket’s trading figures for the six months to the end of July show, as predicted, losses while the company is building...

Foxtons is shutting its Park Lane office - the flagship of the agency in prime central London’s Mayfair. Estate Agent Today was...

The number of new franchise applicants reported by Winkworth in the first half of the year rocketed 135 per cent -...

EweMove is the country’s fifth largest online agency group based on transactions, and continues to make a profit according to its owner,...

Countrywide may have enjoyed the overwhelming support of its major institutional shareholders for its controversial rescue plan, but the wider financial...

Countrywide’s embattled management leaders have been overwhelmingly backed by shareholders in their bid for additional funding. A General Meeting of shareholders was held...

Yopa, which says it is the second largest hybrid agency when measured by listings, has received a major new £20m investment. Savills -...

Countrywide’s eagerly-awaited General Meeting for shareholders takes place today and is widely expected to back the ailing agency group’s controversial rescue...

In yet another statement to the London Stock Exchange and shareholders, Countrywide says its last-gasp £140m fund-raising is likely to be...

Today sees the first of a series of important deadlines which will determine the success of otherwise of Countrywide’s controversial rescue...

Rumours abound over the future of Countrywide, which lost further share value on Friday, closing very slightly down on the day...

The Swiss investment bank Credit Suisse has slashed its target share price for the company from 77p to only 17.2p.  The reason...

High-end agency and international property consultancy Savills has reported strong half-year figures for its UK business - but warns that Brexit...

OnTheMarket has signed up 12-office regional agency Robert Oulsnam and Company.  The firm, which handles sales and lettings, has 12 offices in...

Countrywide is under fire again over the controversial rescue plan it announced last week. On Friday the troubled agency group’s share price -...

Small print in the Countrywide rescue plan announced yesterday spells out in stark terms what could happen if the company’s bid...

Countrywide's share price has dropped sharply following the announcement of the company's rescue plan - but the firm itself says this...

Data prepared for the BBC and shared with Estate Agent Today gives a snapshot of how estate agencies, lettings agencies and...

The Financial Times this morning says that Countrywide suffered a failed bond issue earlier this year, forcing it to rely on...

A trading statement this morning from The Property Franchise Group says its online brand, EweMove, is still trading profitably - and...

Connells Group - which now says it’s the country’s largest estate agency by market share and numbers of homes sold -...

An analyst for business data consultancy Bloomberg has some news for Foxtons - he says its swashbuckling days are over and...

As if to prove there are two ways to interpret every figure, a new analysis of Rightmove’s recent trading statement suggests...

The parent company of Your Move, Reeds Rains and other agency brands has succeeded where Foxtons yesterday did not - in...

Foxtons has suffered a massive 23 per cent drop in sales income and a nine per cent drop in overall company...

‘Up’ is the key word in Rightmove’s figures for the first half of 2018, released to the City and to shareholders...

OnTheMarket has now signed listing agreements with UK estate and letting agents with a total of over 10,000 offices - but...

Countrywide, the troubled estate agency group thought by some to be near collapse, has delayed issuing its interim figures which were...

It’s being suggested that Countrywide’s rights issue, previously expected to be announced this week, may now be delayed. The Times says the...

At least one estate agency appears to be doing better than expected in the current challenging market - Hunters says sales...

Countrywide has not made any official statement about speculation over the weekend that it was about to seek an additional £100m investment. Estate...

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

The stock market and at least one City analyst have shrugged their shoulders at the claim by Purplebricks that it is...

Another update from OnTheMarket this morning claims the portal is now listing over 550,000 UK residential property listings, in excess of...

Purplebricks is reported to be set to reveal increasing losses when it issues its full-year financial results to the London Stock...

The creative agency behind the new round of Purplebricks Commisery TV advertisements have been explaining the philosophy they brought to the...

So here’s the thing. It’s summer - not much going on, school holidays about to start, industry publications filling out space...

One of Countrywide’s former allies in the City broker community - independent corporate advisor Numis - has downgraded the troubled agency...

Countrywide’s share price has taken a massive hit this morning - down well over 20 per cent - following a surprise...

OnTheMarket has announced to the City and its shareholders that it’s to reveal its annual results tomorrow - the first such...

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

OnTheMarket says it has now struck listing agreements with 7,500 agency branches, adding over 2,000 branches since floating on the London stock...

Countrywide, the troubled agency group which today holds its annual general meeting, says it is “encouraged by the early progress that...

Franchise giant Hunters says independent agencies which joined the firm in recent years have typically beaten the performance of the housing market. Chief...

The Property Franchise Group has this morning reported strong figures for 2017 with news that its hybrid brand EweMove traded profitably...

Winkworth, the agency which released its 2017 results this morning, says the franchise business model it supports is more resilient than others...

Purplebricks has given details of how it intends to use some of its new investment, and in particular is spelling out...

One of the leading PropTech analysts says Rightmove’s huge success means that it has two difficult choices ahead if it is...

Savills has reported good figures for 2017 although most of its strongest performance was outside the world of residential property. In a...

Jefferies - the City consultancy which has in the past worked with Countrywide - has cuts its forecasts for the troubled...

Foxtons has reported its 2017 figures to shareholders and the City this morning and as expected they show sharp falls in...

Industry and financial analysts are preparing for what may well be another round of difficult trading figures from London agency Foxtons. Tomorrow...

In an unexpected trading statement this morning, OnTheMarket says it has signed 243 new listing agreements within its first 10 days...

Rightmove has reported another very large leap in revenue in 2017 and a modest rise in agency and new home customers...

OnTheMarket’s share price starts the week at almost exactly the same level as it was floated after a significant bounce-back on...

City broker Jefferies is warning that Countrywide’s earnings as calculated through the EBITDA measure could drop to as little as £50m -...

Countrywide has made a brief announcement to shareholders about amending its credit facility with lenders to help it turn the business...

Alison Platt may have been ousted but Countrywide appears not to be out of the woods yet as its share price...

LSL Property Services is beefing up the mortgage arm of its activities.  It has acquired the mortgage adviser network Personal Touch in...

The Property Franchise Group’s trading statement this morning reveals a huge 23 per cent rise in revenue for 2017 - £10.2m...

ZPG says it anticipates a strong 2018 according to a trading statement ahead of the company’s annual general meeting today. The firm...

Foxtons has this morning given details of a sharp fall in both profits and revenue, wirth sales significantly falling away and...

There was confirmation this morning, as expected, that Countrywide chief executive Alison Platt has quit - but so far there is no...

Mortgage Advice Bureau has batted off the flat housing market by reporting good figures for 2017. Revenue for the year increased by...

The Countrywide chief executive, Alison Platt, is said to have warned staff that the reaction from the markets and shareholders to...

Connells Group’s estate agency business increased its market share of new instructions in 2017 by almost four per cent, despite a...

A trading statement from Countrywide this morning continues the decline shown by the agency group in recent years. It says total income...

Purplebricks’ latest trading statement for the six months ending October 31 claims a large rise in revenue, its number of UK...

Financial analysts over the weekend have been giving their view on Purplebricks, which later this week issues its figures for the...

LSL Property Services - which includes Your Move, Reeds Rains and other high street estate agencies - batted away any housing...

Countrywide's decision to 'pause' the roll-out of its online option for sellers and landlords is "unforgivable and dumbfounding" according to a...

The much-expected pause in the roll out of Countrywide's online service to vendors, confirmed yesterday, did not appear to impress investors. Countrywide's...

Purplebricks has issued the briefest-of-brief statements to the City and the company's investors to assure them it is "on course". The latest...

Investment website The Motley Fool says comparisons between forecast and actual profits reported by Purplebricks suggest the company’s position isn’t -...

Purplebricks' latest trading statement, issued this morning, claims "good progress" and says its revenue in the UK for the first half...

Winkworth says solid performances from its lettings and property management services, plus new franchise deals, have compensated for a challenging sales...

I’ve been in France for the past few days and depending on your viewpoint, I made a spectacularly good or singularly...

Hunters’ figures for the six months to the end of June show small rises in income and turnover but a substantial...

Countrywide Surveying Services has been appointed by Virgin Money as its partner to support borrowers for new build, custom build and...

Speculation is growing that one of the most senior executives in the Countrywide management team may be leaving the organisation. Countrywide and...

The Sunday Times made uncomfortable reading for Purplebricks yesterday as the newspaper raised more questions about the number of homes the...

Savills has reported strong figures for the first half of 2017 across its worldwide activities, but its UK residential divisions have...

LSL Property Services - owners of Your Move, Reeds Rains and Marsh & Parsons amongst estate agency brands - has enjoyed...

A City analyst has fuelled speculation that Rightmove has a goal to increase its monthly average revenue from each agency from...

In its latest report to shareholders, Rightmove has revealed yet more growth in agent numbers, traffic to its website, revenue per...

Countrywide says the roll out of its online sales and lettings service is on schedule to reach 50 per cent of...

Countrywide has revealed a massive plunge in its profits for the first six months of 2017.   Pre-tax profit for the six months...

Foxtons has reported its half-year figures for the six months to the end of June and, as expected, they show how...

Speculation is growing over whether figures to be released by Countrywide on Thursday may prompt another fall in the troubled company’s...

LSL Property Services does not report its figures for the first half of 2017 until August 1, but even so it...

An expert analysis of the Purplebricks trading statement for 2016 reveals that the agency’s Local Property Experts each earn an average...

One of the industry’s leading analysts says Countrywide’s figures for the first half of 2017 are likely to be tough -...

The chief executive of Purplebricks, often criticised by detractors for failing to reveal completion rates as opposed to listings, says his...

New figures released this morning from Purplebricks shows the onward march of the hybrid agency and its Local Property Experts. For the...

ZPG has published its half-year figures this morning showing a six per cent rise in the number of agents and a...

A respected City analyst has pointedly dissed Purplebricks over its allegedly modest inventory of homes for sale and rent. Antony Codling of...

EweMove, the online brand owned by the Property Franchise Group, now has 108 franchisees - 97 are fully operational and 11...

The next few weeks leading to the General Election on June 8 are likely to have “a short term adverse impact...

Purplebricks' share price moved up over two per cent yesterday on the strength of its latest trading statement - but its...

Purplebricks has this morning issued its latest trading update, reporting what it calls "strong growth" in the UK and updating investors on...

Countrywide’s share price, which just over three years ago was riding high at just above 685p, has hit a new low...

The chief executive of online easyProperty says the company’s investors “have full confidence” in the firm despite it announcing an operating...

Figures lodged at Companies House by online agency easyProperty suggest parent company EProp Services will seek additional funding this year. A strategic...

Winkworth’s annual figures for 2016 reveal a franchise turnover drop of six per cent and a pre-tax profit fall of 25.6...

Savills has revealed relatively strong figures for 2016 in its report to the City this morning, with group revenue up 13...

Foxtons has received lavish praise from investment consultancy Jefferies despite long-term share price worries reflecting its mixed performance in the troubled...

Swiss bank UBS has downgraded Countrywide’s status to ‘sell’ in a move which has prompted the troubled estate agency’s share price...

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

It's been revealed that Countrywide has lost 200 branches in its reorganisation - that's around 20 per cent of its branch...

Foxtons' figures released to the City this morning confirm a huge slump in sales in 2016 - and even lettings revenue...

Connells Group has announced strong figures for 2016 with the total number of properties sold rising five per cent and lettings...

Rightmove has released its figures for 2016 and as predicted they show the portal streaking ahead of all rivals. It reports record...

Purplebricks has raised £50m through a share issue to fund expansion into the United States later this year. In an announcement to shareholders...

Connells Group’s estate agency business recorded an eight per cent increase in exchanges in 2016 over the previous year, and says...

A house builder has set aside £7m to spend on repairs to its own new properties after a series of complaints...

Hybrid agency EweMove is rapidly expanding its network footprint this year and will be a “challenger brand” deliberately designed to be...

Foxtons has revealed that in the final quarter of last year its revenues were only £26m - down a quarter on...

Zoopla Property Group's estate agency membership grew five per cent and its property listing inventory was up 10 per cent in...

A trading update released by Countrywide this morning shows a 29 per cent slump in London exchanges in the third quarter...

LSL Property Services has sold its remaining stake in Zoopla Property Group according to a City report. LSL - which includes High...

In a surprise announcement this morning, Foxtons has revealed that its total revenues in the past three months dropped 14 per...

The government’s housing policy, while helpful outside London, has had a negative effect on the capital according to one of the...

With more house-hunters than ever now starting their search for a new home by typically looking online on one of the major...

Several stock market analysts have published reports on Zoopla's half-year trading statement released yesterday. Anthony Codling of Jefferies – the firm which...

Purplebricks Group has issued a trading statement to the City - with another dramatic revenue increase and a claim that the...

Another agency has warned of the likely market slowdown caused by the June 23 EU referendum and political uncertainty over the...

A City investment consultancy says one leading private agency chain has slashed its fees to 0.5 per cent in order to...

Countrywide has taken the highly-unusual step of announcing that it will reveal key performance indicators every six months, come rain or...

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...

A trading statement from London agency Foxtons shows group turnover up four per cent in 2015 to £150m - but that...

In the latest of many mixed signals from the housing market, a survey by agents Your Move and Reeds Rains suggests...

Sales and lettings franchise giant Hunters has told the City it is anticipating “significant expansion” this year through additional franchises and...

Zoopla has confirmed that its next date for announcing its agency membership totals - part of its ongoing rivalry with OnTheMarket...

Countrywide has continued its acquisition programme by taking over a company consulting with house builders in the Home Counties and London.  The acquisition...

The UK’s largest estate agency group has upgraded its profits forecast to the City - just over 10 weeks after issuing...

One of the UK's largest property franchises has reported strong figures in an interim trading statement to the City - with group...

Zoopla says it will later this week give an update on the number of agents it now has as members -...

OnTheMarket has queried the listings inventory detailed in Zoopla’s half-year trading statement. Zoopla Property Group reported that its listings inventory had increased...

OnTheMarket has made a defiant response to news that Zoopla is growing both its estate agent membership and its property listings...

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

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

Watch the latest weekly video roundup of news from Estate Agent Today and Letting Agent Today, featuring stories on Zoopla's trading...

Zoopla remains unbowed by its loss of 23 per cent of its UK agents and says it has new statistics proving...

Zoopla says it has lost 16 per cent of its global members in the year to the end of March -...

Countrywide, the agency group that handles one in 10 transactions in Britain, has told the City that its income remains “resilient...