Estate agents are shifting their digital spend away from portals
Estate agents' digital spend has rocketed by 495% in a year, says a leading industry supplier, as more agencies are "starting to transfer their spend from portals and their high street offices to growing their digital footprint."
The Times: Selling their great idea was never going to be the right move for estate agents
Peter Hosking, Financial Editor of The Times, has delivered a withering appraisal of how estate agents have handled the growth of property portals
OnTheMarket claims to have listing agreements with half of all UK estate agents
Property portal reports ongoing improvement in new sign-ups following its float - but growth 'has been predominantly from offering free listings under short term introductory trial offers'
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'.
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Winkworth flags 'major reset' as market adjusts to a new reality.
£23.5mn price tag for SHH-designed Little Venice villa
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Buying agency Black Brick boosts team with trio of hires
Former Prime Purchase director Alex Oliver is among three new additions to the firm’s London-based operation.
Park Lord brings in ex-JLL & Foxtons duo
Sebastian Born and Alexi Earl join Joshua Marks' Mayfair-based brokerage.
Savills shifts £180mn of super-prime new-builds in Q1
Run of deals, including a number above £30mn, 'confirms London’s enduring appeal among UHNWIs', the agency said.
Knight Frank launches new investor advisory offering as buy-to-let landscape shifts
Agency hosts panel discussion to debut new team, with discussions focusing on landlord caution, regulatory pressure - and where investors are still finding opportunities.
Nobu plots first rural retreat with branded residences in Rutland
Luxury hospitality brand teams up with 185-acre English country estate for hotel, members club and residential concept.
The London Broker signs high-profile ex-Sotheby’s director
Lee Koffman joins expanding platform after more than 30 years in prime London agency, becoming TLB’s first broker hire since Harding Green deal.
Big-ticket London home sales slide by over a third as caution returns
Latest data: Savills says wealthy buyers are retreating towards the capital’s traditional golden postcodes, with geopolitical jitters weighing on activity.
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Grade I Belgravia mansion goes for £35mn
Biggest house deal officially filed so far this year revealed.
Political uncertainty to weigh on prime London market, warns Knight Frank
Latest data shows offers and transactions stayed below long-term averages in April, while PCL prices now sit 22% below their mid-2015 peak.
London Square gathers top design names for Milan debrief at new Mayfair HQ
The Aldar-owned developer has ramped up its presence in PCL with a luxurious new Bruton Place base.
Expanding law firm brings in new director to boost PCL offering
Increasing legal complexity and buyer caution mean transactions are getting harder to close, says Leadenhall Law Group.
Monday Market Review: Key figures & findings from the last seven days
Your essential five-minute briefing, featuring data, forecasts and analysis from Knight Frank, Savills, LonRes, Enness Global, ONS, Rightmove & more...