Foxtons warns of sharp profit drop; prepares for ‘a prolonged lower transaction volume environment’
Estate agency says 'trading has been adversely impacted by the prolonged downturn in the sales market, as well as short-term volatility in the lettings market.'
What to read next
Berkeley profits drop by nearly 15%
The major housebuilder has bought just three sites in the last three years, as economic and political challenges thwart activity.
Cadogan warns of ‘material impact’ of leasehold reforms on resi business
Chelsea landlord/developer says new legislation 'will result in a financial loss to Cadogan and will fetter our ability to manage and invest with confidence in the Estate.'
Foxtons confirms ‘acquisition-led’ revenue growth as profits flatline
'We are making strong progress with our buy, build and bolt‑on strategy,' says estate agency boss Guy Gittins.
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Luxury London developer falls into administration
Begbies Traynor appointed to boutique firm behind a number of top-end resi projects across the capital.
Super-prime fit-out specialist eyes £100mn turnover amid resi push
130-year-old firm behind interiors at The Peninsula and The Londoner expands residential offering with three of London’s most anticipated luxury schemes in the works.
Zara billionaire picks up Marylebone rental block for £150mn
Amancio Ortega's Pontegadea has made a notable play in London's built-to-rent arena.
In Pictures: 19th-century Notting Hill dairy reborn as boutique resi scheme
Echlin delivers a 'deliberately restrained' take on warehouse living at Black Treacle’s new eight-unit development near Queensway.
Facebook founder buys Irish castle
Mark Zuckerberg & Priscilla Chan have reportedly acquired the 440-acre Strancally estate in Waterford in an off-market deal.
Former buying agent’s prime property network chalks up nearly £4bn of listings
Two-year-old platform doubles down on high-end market with nearly 500 agents signed up and over £3bn of live buyer searches.
Beyond the £2mn threshold: Why the new High-Value Council Tax Surcharge needs careful design
The consultation may be over but some of the most important details are still very much up in the air; Hannah Catt looks at the key issues that could determine how the new regime works in practice.
Behind the Schemes: Rebuilding a Notting Hill townhouse from the inside out
ACT, De Rosee Sa & Katie Harbison talk us through a 75-week overhaul that involved moving the staircase, rethinking every floor and reconstructing the roof of a fine Italianate residence.
Luxury hotelier appoints Chair amid branded resi push
Former Jumeirah boss José Silva to help steer Maybourne's 'next phase of growth'
Christie’s International Real Estate joins luxury agency push into Phuket
Global brokerage network follows Bangkok launch with move into booming island market.
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Savills adds senior names in Notting Hill & Islington
Marsh & Parsons and Knight Frank alumni join the agency's prime London network.
LRG to buy 200-year-old southern counties estate agency
Henry Adams, which traces its roots back to 1826, will share a parent company with Farrar, Stirling Ackroyd and Chancellors.
American real estate behemoth takeover completes
Real completes $880mn acquisition of Re/Max, forming 180,000-agent global brokerage giant.
Who really owns that £20mn townhouse? The red flags property advisers need to know
Required Reading: Sanctions have raised the stakes when it comes to navigating complex ownership structures. Anthony Hanratty explains what prime property professionals should be looking for.
English Mayors handed powers to call in planning applications
New regime will give regional leaders authority over strategic schemes, with ministers consulting on intervention in developments as small as 50 homes