Business & People
Foxtons revenues drop 22%
There's been a "steady improvement in activity across the business" since branches re-opened on 1st June, says London estate agency Foxtons.
Johns&Co appoints new Hong Kong head
Betty Yeung has joined the specialist new-build agency from Colliers.
ARLA boss Cox leaves with immediate effect
Propertymark is to combine its NAEA and ARLA organisations into one brand.
Number of real estate firms in ‘significant financial distress’ rises by nearly a fifth
True impact of coronavirus will only become apparent in the autumn, says insolvency firm
Fairway’s resi fund snaps up £70m-worth of PCL property from Grosvenor, as blue chip investors look for a safe haven
"In macro-economic terms, Covid is just about as bad as it gets," says Leconfield and Fairway Capital founder George Brooksbank.
Berkeley appoints Barker as temporary chairman
Former PWC man Glyn Barker to lead the FTSE 100 housebuilder for ‘up to two years’ as the search begins for Tony Pidgley's long-term successor.
Knight Frank to cut staff numbers amid ‘extreme circumstances’
Tough decisions are being made to futureproof the business, says chairman Alistair Elliott
Bold & Reeves moves into the USA with LA partnership
Los Angeles-based luxury estate manager Mister Peele has licensed Bold & Reeves' proprietary property management software platform.
Countrywide enlists headhunters to ‘hunt for a new boss’
Sky News has reported that Countrywide Plc is searching for a new Chief Executive to replace Paul Creffield, and that Chairman Peter Long will also "step back" at some point.
Estate agents are ‘de facto agents of the Russian state’, claims Parliamentary report
There's "a growth industry of ‘enablers’ including lawyers, accountants, and estate agents who are – wittingly or unwittingly – de facto agents of the Russian state", according to the Intelligence…
Sotheby’s enters Romanian market
Global franchise network continues its growth across Europe, adding a new affiliate in Bucharest.