Business & People
LSL’s estate agency profits dive by 24% despite rising revenue
Property Plc writes down the value of its investment in hybrid estate agency Yopa by 60%.
Knight Frank boosts Private Office team with ‘significant’ hire
GWD co-founder Hugh Dixon joins agency's specialist global advisory service to focus on next generation wealth
Westcombe secures £16.7m for West London resi projects
Family-run developer will use capital from OakNorth Bank to fund two resi schemes, in Isleworth and Northwood.
Countrywide fined £215k in HMRC crackdown
UK's largest estate agency penalised for failing to comply with money laundering regulations; HMRC carries out week-long swoop on property firms around the country
Property chiefs help cook up solutions to tackle youth homelessness
Head honchos from some of London's top property firms gathered last week to help raise funds and awareness for New Horizon Youth Centre, the capital’s leading day centre for homeless 16 to 21 year olds.
Start-up property software firm recruits buying agency sage Selway
Philip Selway - the former Managing Partner of Knight Frank's The Buying Solution - is now Strategic Consultant for Loop Software.
PRCO rolls into Asia with trio of big-name real estate clients
Luxury comms giant launches Hong Kong and Shanghai offices under the PRCO Asia banner
Hunters recruits Foxtons tech stalwart
Dan Rafferty has joined franchised estate agency Hunters as Chief Operating Officer, signalling an 'ambitious investment in technology'.
Rightmove profits jump as estate agencies spend over £1,000 per month on advertising
The property portal's average monthly revenue per advertiser (ARPA) increased from £922 in 2017 to £1,005 in 2018, while the number of member branches has 'remained stable'.
Right to Rent breaches human rights laws, rules the High Court
Right to Rent "does not merely provide the occasion or opportunity for private landlords to discriminate," said the High Court Judge, "but causes them to do so where otherwise they would not."
PEPs, SARs & MLROs: An A to Z of Anti-Money Laundering
As "gatekeepers", estate agents play a crucial role in the UK Government's ongoing efforts to stamp out money laundering and terrorism financing.