Business
Winkworth has seen a 517% increase in female franchisee applicants since 2014
With 79% of the estate agency network still owned by men, Winkworth is championing some of its female franchisees for International Women's Day.
Countrywide reports widening losses but ‘remains confident’ on delivering turnaround
UK's biggest estate agency group blames Brexit uncertainty for continued market weakness, but says turnaround strategy is getting things back on track
Boutique Chelsea agency branches out with new Kensington base
Family-run firm Russell Simpson hones in on the markets of Kensington, Notting Hill, Bayswater & Holland Park with second Royal Borough location
Savills shrinks its gender pay gap – but ‘there is still work to do’
Property firm reports that its male employees were paid an average of 39% more per hour than female employees in 2018. That's a slight improvement on 2017's 45% gender pay gap.
LSL’s estate agency profits dive by 24% despite rising revenue
Property Plc writes down the value of its investment in hybrid estate agency Yopa by 60%.
Westcombe secures £16.7m for West London resi projects
Family-run developer will use capital from OakNorth Bank to fund two resi schemes, in Isleworth and Northwood.
Countrywide fined £215k in HMRC crackdown
UK's largest estate agency penalised for failing to comply with money laundering regulations; HMRC carries out week-long swoop on property firms around the country
PRCO rolls into Asia with trio of big-name real estate clients
Luxury comms giant launches Hong Kong and Shanghai offices under the PRCO Asia banner
Hunters recruits Foxtons tech stalwart
Dan Rafferty has joined franchised estate agency Hunters as Chief Operating Officer, signalling an 'ambitious investment in technology'.
Rightmove profits jump as estate agencies spend over £1,000 per month on advertising
The property portal's average monthly revenue per advertiser (ARPA) increased from £922 in 2017 to £1,005 in 2018, while the number of member branches has 'remained stable'.
Right to Rent breaches human rights laws, rules the High Court
Right to Rent "does not merely provide the occasion or opportunity for private landlords to discriminate," said the High Court Judge, "but causes them to do so where otherwise they would not."