Business
No.1 US agent joins Century 21
Superstar Rhode Island realtor Kyle Seyboth was courted by most big-name brands and franchises.
Estate agency job vacancies plummet by two-thirds
Only 4,000 jobs were available in the sector during the second quarter, down from 14,000 in Q1, as firms tightened their belts
New AI-powered air filtration system promises to ‘remove 100% of Covid-19 virus within 45 minutes’
Several super-prime resi developments in London are already in talks about installing the new OKTOair system.
Capco sees Lillie Square valuation slide by 5%
Boss Ian Hawksworth remains 'confident in the long-term prospects for prime central London, in particular the West End'
Keller Williams’ global deal tally dropped by over 15% in Q2, but tech drive helps agents ‘maintain momentum’
“We responded to the demanding market challenges brought on by Covid by pivoting fast to empower our agents’ business to thrive in this unforeseen market," declares KW President Josh Team.
Capco takes a 26% stake in Shaftesbury
Covent Garden owner Capco has agreed to buy a 26.3% stake in West End landowner Shaftesbury Plc, for £435.9m.
Build-to-rent giant partners with tech firm to create smarter buildings
One of Britain's biggest private build-to-rent developers/operators, Moda Living, has teamed up with an "internet of things" tech firm to help create "smarter buildings" with lower energy consumption,…
Rightmove’s revenue & profits have taken a big hit this year
UK's biggest property portal reports a 34% drop in revenue and a 43% fall in operating profit after offering a 75% discount support package to agents during lockdown.
Yopa turns a profit ‘six months ahead of schedule’
Savills-backed fixed-fee estate agency has seen "dramatic growth" spurred on in part by the property market's post-lockdown activity run.
Property portals launch new marketing offensives
Rightmove, Zoopla and OnTheMarket are launching major advertising campaigns to capitalise on the resurgent post-lockdown property market.
Octagon reports surge in demand for high-end home improvements
Housebuilder’s ‘bespoke’ division, which takes on projects ranging from £1m and up, saw enquiries soar by 50% in July.
Savills’ UK resi profits slumped by 54% in the first half of this year
Sales operations were hit hard by the Coronavirus pandemic in H1. But the Private Rented Sector proved a bright spot for Savills, with "an outstanding performance" seeing revenue jump by 87%.