Business
Property portals ‘are inflating the cost of running an estate agency business to near impossible levels,’ warns agency boss
Steph Walker, COO of 19-month-old firm The Agency UK, says many top-end independent estate agencies "will have to shut their doors as competition in the marketplace greatens."
Savills H1 revenue tops £1bn, but profits shrink as resi income falls
Savills has reported a "strong performance comfortably ahead of pre-pandemic level" in the first half of this year - but revenue from residential transactions has fallen by 11%.
‘Embrace the fear’: One year in the buying agency business, it’s been quite the journey
Emma Fildes of Brick Weaver reveals what it’s really like to start your own buying agency…
LRG buys eight-branch Isle of Wight estate agency
This is the LRG's second acquisition of 2022, since being acquired by Platinum Equity in February.
Fine & Country makes brace of appointments to accelerate expansion plans
Top-end estate agency franchise Fine & Country aims to enter ten new countries in 2023, as well as "growing the brand significantly" in its established locations.
Bichard appointed to oversee RICS reforms
Lord Michael Bichard has been appointed Interim Senior Independent Governor of the Royal Institute of Chartered Surveyors, with a remit to implement the 36 recommendations for reform he made earlier this…
‘The best of his generation’: Savills pays tribute to the late David Forbes, founder & chair of the Private Office
Prime property industry titan David Forbes has passed away following a battle with cancer. He "was a consummate deal maker to the end and, arguably, the best of his generation," says his team at Savills.
Luxury fractional ownership firm inks deal with US brokerage The Agency; launches search for UK & Europe partner
Having signed up billion-dollar brokerage The Agency in the US, Sonhaus is now looking for a partner in the UK & Europe to help ‘transform the second home market’.
Fine & Country moves into Teddington
Elisard Malizi and team have taken on a second Fine & Country license in West London.
Boutique agency unveils ‘inspiring’ new digs in Primrose Hill
‘Traditional high street offices now serve as a little more than a marketing tool and are often an uninspiring place to work’, says House Collective, which has chosen to base itself in an interior-designed…
Connells Group revenue falls 13% on ‘less frenetic’ property market
The owner of estate agencies including Hamptons and John D Wood "remains positive" despite falling revenues.
Proptech firm recruits OTM finance chief
After announcing his resignation from OnTheMarket earlier this week, Clive Beattie has now confirmed a move to Fine & Country’s parent company, nurtur.group.