Business
Knight Frank & Savills suspend Russian divisions
Global property consultancies suspend long-established business ties in Moscow, joining a growing corporate exodus from Russia as the Ukraine war continues.
nurtur.group buys BriefYourMarket
Fine & Country-owner makes another proptech splash, backed by Toscafund.
Leaders Romans Group buys another West London estate agency
LRG has made its first acquisition under new ownership, picking up four-branch London estate agency Northfields.
Knight Frank expands super-prime lettings offering in the Home Counties
New department head Jamie-Leigh Harvey has achieved record prices on a number of flagship rentals across the region
Property agents urged to check latest sanctions list
The property industry has an important duty to help make anti-war sanctions work.
Foxtons confirms first profit in five years; opts to keep mortgage arm Alexander Hall
London estate agency Foxtons made an £8.9mn operating profit in 2021 - up from £1.9mn in 2020, and from a £700k loss in 2019.
Savills announces huge raft of promotions
48 UK resi agency staff move upwards, including ten to director level
Knight Frank recruits Goldschmidt & Howland director to lead St John’s Wood sales team
Neir Gigi takes the reins from James Simpson, who is retiring after 20 years with the agency
Winkworth takes over Vickers & Co in Maida Vale
Franchised estate agency Winkworth has opened its 13th office in prime London, covering Maida Vale and Little Venice.
Knight Frank opens Private Office in Singapore
Nicholas Keong will be leading the latest addition to the Private Office network, which was set up by Rory Penn and Thomas van Straubenzee in 2018
OnTheMarket profits climb as Tebb promises ‘more to come’
"We are delighted to have achieved a year of further financial and operational progress," says property portal boss Jason Tebb. "But there is much more to come."
Rightmove profits rise as estate agents spend more
Rightmove's Average Revenue Per Advertiser was 9% higher in 2021 than in 2019; estate agencies are paying the property portal over £100 more per month than before the pandemic.