Archive

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...