Business
Ombudsman Services moves out of the property market
Estate agents need to sign up to another Ombudsman provider this week; "any agents who do not switch can expect to be targeted for enforcement action by National Trading Standards"
Record first half for Chestertons’ lettings division
Profits up 62% on the same period in 2017, despite a significant drop in supply levels
Foxtons slides into the red as London’s ‘weak sales market’ takes its toll
Sales revenue dropped by 23% in H1, reports the high-profile estate agency - leading to a £2.5m loss for the business in the first half of the year
Revenues & profits rise for Rightmove as agents spend more
Estate agency branches and new homes marketers are spending an average of £986 per month with the UK's biggest property portal
Countrywide loses agency commission case in Dorset
An estate agent should introduce a buyer to the purchase not just the property, rules Weymouth County Court
KKR & Urban Exposure partner up to finance mainstream resi development projects
The new joint venture has an initial pot of £165m to lend to residential development projects across the UK
OnTheMarket hits 10,000 branches; ramps up sales team to convert free trials
Property portal has doubled the size of its sales team since February, as it looks to turn free trial offers into full-price listing contracts
Humberts announces radical shift ‘from high street to hubs’
175-year-old agency to ditch traditional high street model in favour of "lounge-style hubs", each covering an entire county and managing clients’ homes and lifestyles
Watch: LonRes’ William Carrington in conversation with Alan Russell of Russell Simpson
LonRes Chairman William Carrington chats to Alan Russell, Founder and MD of long-running PCL agency Russell Simpson, about surviving the many challenges thrown at London's resi sector over the last four…
Knight Frank expands Scottish Residential Development team
Allsop's London permitted development specialist moves to Knight Frank's Edinburgh operation
Berridge joins MyLondonHome team to launch a new investment operation
'ResiRichard' Berridge, Steven Herd and Andrew Griffith have launched a new residential property investment firm focusing on London and its surroundings
Capco writes down Earls Court value again; takes ‘constructive early steps’ towards a demerger
Capco's Board 'is considering the structure of the Group and constructive early steps have been taken in preparing for a possible demerger'