Business & People
Can estate agencies survive the unfurloughing of wage bills?
The Government's furlough scheme is supporting the property industry to the tune of over £120 million a month, says Rayner Personnel.
Gulf Sotheby’s joins forces with Dubai’s Luxhabitat
Leading luxury agencies come together to launch co-branded real estate platform
Savills expands in SW France with new resi agency partner
Savills has boosted its continental coverage by teaming up with Beaux Villages Immobilier in South West France.
Native Land bolsters senior team with raft of promotions
Major-scale investor and developer names four new managing directors, and a new head of private transactions, as UK-wide expansion continues
One month on… ‘We are hopeful that we are witnessing a more sustained level of activity’ – Carter Jonas
Buyers are now making offers after an average of just 3.8 property viewings, reveals Carter Jonas - far quicker than the 12.8 average at this time last year.
6% of architects don’t think their practice will survive the next 12 months
Architects' workloads are a third lower than at this time last year, reports the RIBA, and most practices expect their workloads to decline further in the coming months.
Slovakia’s JTRE snaps up PCL developer Sons & Co; secures £177m loan for South Bank scheme
JTRE has agreed a hefty construction loan on its £400m Triptych Bankside project next to Tate Modern, and acquired the well-known boutique development firm Sons & Co
Domus man Shaw joins Youhome in Notting Hill
The self-proclaimed “new category of estate agency” has attracted another big name to its ranks in prime London, recruiting Domus Nova's former Head of Sales, Chris Shaw.
OnTheMarket signs up more paying customers but braces for ‘short-term’ revenue hit
Portal now has 9,000 branches on paying contracts and has seen 'strong increases' in weekly new instructions, traffic and leads, but expects its bottom line to suffer from reduced ad spend and the cost…
Zoopla celebrates as lockdown fee discounts attract hundreds of new branches
Zoopla offered arguably the most generous Covid-19 support package of any global property portal - worth an estimated £30m to agents; it seems to have worked.
Property tycoons gift £80m to found an eponymous Oxford college
The billionaire Reuben brothers (David, 81, and Simon, 78) have donated a huge chunk of money to Oxford University, where it will be used to establish "Reuben College" and fund the Oxford-Reuben Scholarship.
Strutts alumni launch new country house estate agency
Oxfordshire-based start-up The Country House Department is being pitched as "a modern medium for the finest country homes, created to do justice to the most exceptional properties".