Business & People
The Sunday Times: Peter Long’s struggle to save Countrywide
Liam Kelly reports for The Sunday Times on the Countrywide chairman's efforts to turn the UK's largest estate agency chain around and 'salvage his battered reputation'
Sales still sliding for Foxtons as market woes continue
Volumes are 'very low' in the capital's sales market, reports the embattled estate agency, describing lettings as the 'priority'...
Rightmove’s revenue & profits jump 10%, but agency numbers dip
3% fewer estate agents are listing properties on Rightmove compared to last year - but they are spending more
Rightmove buys tenant referencing firm to boost rental market offering
Property portal makes a £20m acquisition to 'augment' its Tenant Passport project
The average estate agency’s sales commission is 1.2%
But there's a pretty broad range between different regions. Agents in five postcodes manage to bag fees in excess of £30,000 per property sale
Capco outlines Earls Court & Covent Garden demerger plan
Capital & Counties wants to create two independent business, both listed on the Stock Exchange: Covent Garden London and EC Properties
Revenues rise for Chestertons despite market gloom
33-branch London agency reports a 'stellar' H1, with a strong lettings performance driving a 6% boost in overall revenue
Chinese property portal & Asian real estate platform merge to create international new-build powerhouse
Juwai.com and IQI Global have merged to create 'Asia’s biggest proptech group specialised in global new development properties'
Christie’s International launches ‘Masters Circle’ for top luxury brokers
Four Strutt & Parker agents have made the grade to join CIRE's first batch of 'elite' luxury property brokers
Southampton agency bags six-figure fund for acquisition spree
Lettings agency G&K, part of Martin & Co, has secured a big sum from an alternative lender to grow its managed property portfolio on the South Coast
Robert Jenrick replaces James Brokenshire as housing secretary; McVey in as housing minister
37-year-old former lawyer Robert Jenrick takes on the challenge of delivering the government's housing policy, as James Brokenshire makes for the backbenches; former Work and Pensions secretary Esther…
Estate agents are earning much less now than in 2008
Analysis of ONS data indicates that the average estate agent's salary has fallen by a third (once inflation has been accounted for) since 2008; that's more than most other professions