Business
HMRC hits agencies with hefty fines for AML breaches
Reminder to stay on top of admin as buying agency and two estate agencies are penalised for non-compliance.
Reapit continues global expansion, buying Danish estate agency software leader
The acquisition of Mindworking gives property software platform Reapit "a firm foothold in Northern Europe" as it continues its private equity-backed international expansion drive.
Architects invited to ‘shape future of profession’
The government has launched a "wholesale review" of the architecture profession, and is looking for opinions from the built environment industry on how things can and should be improved.
Crown Estate appoints London portfolio MD
Former Grosvenor man Simon Harding-Roots will be joining in September.
Strutts recruits client services chief
Strutt & Parker has hired a new head for its Client Services team, charged with "unlocking opportunities within the customer database through a consistent and robust contact strategy."
From selling to buying: On the value of understanding both sides of the deal
Buying agent Fran Moynihan, formerly head of Savills’ waterfront division, explains the importance of understanding how selling agents operate…
Slow planning process causes long project delays for architects
Around a third of architecture practices have seen projects delayed by six months or more as a result of slow planning processes. 7% have seen some projects abandoned altogether.
Major property companies enjoy pandemic-induced revenue boom
Property PLCs including Rightmove, Savills, Foxtons, LSL, Connells, Purplebricks, OnTheMarket and Berkeley Group have seen huge increases in revenue compared to corresponding periods in both 2020 and …
Private equity investor takes majority stake in luxury property brokerage Engel & Völkers
Permira has agreed to buy the majority of Engel & Völkers, which is gearing up to re-enter the UK market.
Global survey reveals what HNW buyers want from a real estate agent
Traditional firms will have to maintain their personal connections and keep up with new tech if they want to see off ‘disruptors’, says international brokerage network.
Purplebricks ditches self-employed agent model
Hybrid estate agency Purplebricks is overhauling its business model, transitioning its network of local sales agents from self-employment to fully employed status.
Trials begin for government-backed digital ID scheme
Centralised verification hub promises to significantly speed up the buying & selling process.