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.
Companies in this articleLSL
Chestertons picks up well-known PCL lettings business
Estate agency takes over letting and management arm of boutique firm Henry & James as acquisition drive continues.
Tom Bill: What does the higher bank rate mean for the UK housing market?
Lenders are tinkering with mortgage rates as a contradictory set of events unfold but higher rates are here to stay, says Knight Frank's head of resi research.
By Tom Bill
‘There is no lack of interest’: Peninsula London pauses sales after world’s wealthiest pick up 70% of residences
New five-star destination opposite Buckingham Palace has been described as 'the most significant addition to London's ultra-prime market in recent memory'.
In Pictures: Former PM Johnson buys moated Oxfordshire Manor House
A source tells us that Boris Johnson has exchanged on Brightwell Manor for £3.8mn.
In Pictures: Three-year project creates a ‘sophisticated’ 17,000 sq ft country estate in Surrey
Helen Green Design collaborated with the 'very best artisans, joiners and suppliers in the industry' on this sumptuous reworking.
Interview: Luxury property impresario Dean Main on building a £600mn development pipeline & managing £12bn of PCL schemes
Talking legacy developments & top-end trends with the boss of Henigman & Rhodium.
Ranked: The UK’s best places to live in 2023
Wadhurst in East Sussex has been crowned the overall winner in this year's influential Sunday Times rundown.
City Slicker: Inside a new Foster + Partners-designed penthouse in east London, asking £9.9mn
Principal Tower, a new 50-storey landmark on the edge of the Square Mile, is the only resi building in London designed inside-and-out by the world-famous architecture firm.
Mortgage approvals rise for the first time since August
But approvals are still running a third below their pre-pandemic average.
Luxury developer Mountwood unveils new boutique scheme in west London
Nearly half of the 24 units at Lexington House in West Ken have been picked up off-plan.
Foxtons takes cues from Netflix & Amazon in bid to ‘modernise estate agency’
Agency reveals how it is using AI to identify new leads in real time and get them 'to the right person at the right time'.
106-unit West Hampstead project brought to market
The Clay Yard is a rare new-build addition to the neighbourhood.
Scottish estate market cools, but prices remain high
Gross investment in Scottish estates dipped in 2022 as £1mn+ activity refocused to urban centres - but country estate prices remain at historically high levels.