Savills cancels dividend & postpones AGM
Savills has cancelled its next dividend payout “in order to retain sufficient cash reserves to mitigate the effect” of the Coronavirus crisis.
Chelsea property firm offers all its vacant residential units to NHS staff, for free
Martin’s Properties has offered all its vacant residential properties to NHS staff for free during the Covid-19 crisis, fully furnished by Carol Anne Designs.
Top developer rolls out guided virtual tours across London portfolio
Virtual viewings are becoming the default property marketing tool as the Coronavirus lockdown continues.
How Dexters has responded to the Coronavirus lockdown
London’s biggest independently-owned estate agency, Dexters, faced criticism for keeping some staff in branches on the first day of the Covid-19 lockdown last week. The firm has since shuttered all offices, keeping just a skeleton crew of senior director in two “secure premises” to service emergency needs and keep the business running…
LSL scraps dividend and cuts costs amid ‘unprecedented’ market conditions
The property services group is taking ‘prompt decisive self-help actions’ to help see it through the current crisis
PRS FAQ: Covid-19 guidance for landlords & tenants
How should private landlords, tenants and letting agents navigate new, existing and ending tenancies in the Coronovirus lockdown? The Tenancy Deposit Scheme provides some practical answers…
Matterport recruits WeWork marketing chief
Virtual tour and spatial mapping company Matterport has recruited WeWork’s former marketing chief Robin Daniels to run its global marketing department.
Purplebricks slashes marketing and goes fully digital to shore up cash
‘Hybrid’ agency cans all TV and radio ads and switches to a ‘complete online model’ as the coronavirus crisis culls UK housing market activity
New volunteering platform encourages real estate firms to provide practical support to the NHS
Teams from Greystar, SAY Consulting, deverellsmith, and Be Original have launched Do Some Good, encouraging the property industry to pledge support for NHS and healthcare workers on the front line of the Covid-19 battle.
Rightmove cancels dividend payment; Berkeley revises profit forecast
Britain’s biggest property portal suspends its final 2019 dividend, telling shareholders that it is “taking appropriate measures” to mitigate the impact of the Covid-19 crisis on its bottom line – but that it is “unable to quantify” the financial impact at this stage.
New virtual viewing & design app launches in the UK
Gaming-inspired software has already been picked up by one of the country’s top five agencies
Estate agents get business rates holiday for a year
Left out of the original Coronavirus Business Rates exemption scheme, the Government has now confirmed that estate agents with rateable properties will not have to pay any Business Rates for a year from 1st April.