Business & People
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;
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
MIPIM organiser names new UK head
Rohan Marwaha is now Reed MIDEM's Regional Director for the UK, responsible for delivering October's MIPIM UK Summit
‘Revolutionary’ development appraisal tool launches in beta
London-based start-up Aprao is aiming to 'streamline' the appraisal process with advanced cloud-based tech, and has already attracted the attentions of some big-name firms...
Amazon partners with US real estate brokers for a new home-buying platform
Realogy - which owns property brands including Century 21, Coldwell Banker and Sotheby's International Realty - has teamed up with online retail behemoth Amazon to drive buyer introductions