LSL posts record profits, but warns of a sharp housing market slowdown in 2022
"We expect mortgage and housing transactions to revert to pre-Covid levels with geopolitical uncertainties adding to existing inflationary pressures," says LSL boss David Stewart. "These will affect our Estate Division in particular, and as always, we will be agile and respond to market conditions as required."
Purplebricks Plc posts ‘disappointing’ results; warns of an ‘uncertain’ market ahead
Purplebricks' instructions have slumped by 38%, as the hybrid estate agency shifted its business model and faced legal challenges. The company made an operating loss of £11.
LSL profits stay strong despite drop in estate agency revenue
"We expect that the impact of housing market cycles will continue to have a reducing impact on the Group's results," says major property Plc, which owns estate agency brands including Marsh & Parsons.
A year after buying Countrywide, Connells Group reports £1bn turnover & record profits
Countrywide acquisition has proved to be a "great triumph" says Connells CEO David Livesey.
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Harrods Estates to shutter operations after 130 years
High-profile luxury agency, founded in 1897 and a fixture of the Prime Central London market, has closed its Knightsbridge office and is no longer accepting new enquiries.
Savills snaps up top-end London lettings firm
Acquisition sees PCL veteran Mark Tunstall return to the agency as co-head of super-prime lettings in the capital.
UK Sotheby’s teams up with Sports World on big-ticket lettings
Tie-up results in ‘landmark’ transactions in Highgate and North Surrey.
Luxury Mayfair scheme chalks up deals as turnkey demand holds firm
Agents report ‘sustained appetite’ at Reuben Brothers development despite market headwinds.
Opinion: Why London remains the natural home for global trophy buyers
Demand is returning to north London’s top-tier enclaves as Middle East tensions rise and pricing resets, reports agency boss Trevor Abrahmsohn.
Allsop recruits former Savills director to lead new planning department
'We are pressing on with our strategy of growth in complementary business areas,' says property consultancy boss.
My Property Career: Quickfire Q&A with Charles Leigh
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Six ways the new High Value Council Tax Surcharge could change the luxury property market
From shifts in pricing and transaction levels to new-build activity, the OBR has released fresh forecasts for how the prime resi market could be affected by 2028's new annual levy.
In Pictures: Brand new Wentworth mansion with rare fairway access seeks £21.5mn
Buyer sought for 18,000 sq ft new-build on prized 1.42-acre plot.
‘A rare arrival on the lettings market’: Bayswater duplex seeks £10k pw
The marquee apartment in Redrow's 2015 Connaught Place development is available to rent.
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Harrods Estates duo Dougramaji & Harte join Strutt & Parker
BNP Paribas-backed agency boosts Knightsbridge & Belgravia team as top PCL operators move on from Harrods Estates.
Resi developer & investor team up for €150mn luxury Marbella project
Major Spanish housebuilder confirms a 'strategic expansion' in the prime residential arena.
Agency reports £37mn deal run on Hamilton Terrace
Five sales tucked away on one St John’s Wood street, including two sizeable houses just last week.
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1508 London to design Baccarat-branded Maldives scheme
London-headquartered firm joins team delivering French crystal brand’s first residences in the Indian Ocean.