LSL profits tumble, but remain above pre-pandemic level
LSL's Estate Agency brands made a £1mn operating loss in the first six months of the year, largely as a result of "extremely slow" exchange speeds.
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.
‘Our performance was not good enough,’ says Purplebricks boss as instructions, revenues & profits plunge
Purplebricks handled 31% fewer instructions in its latest full financial year than in the previous 12 months.
Savills H1 revenue tops £1bn, but profits shrink as resi income falls
Savills has reported a "strong performance comfortably ahead of pre-pandemic level" in the first half of this year - but revenue from residential transactions has fallen by 11%.
Companies in this article
LSLMost read
DDRE Global closes £67mn of deals in bumper January; signs more top-flight agents
One of London’s best-known property advisors, Simon Barnes, has joined Daniel Daggers' luxury brokerage.
‘The rarest of opportunities’: Buyer sought for brace of historic mansions in London’s legal land
34,000 sq ft project on Lincoln’s Inn Fields offers diverse possibilities, including one of the capital’s grandest & most architecturally significant period homes.
Savills Private Office adds sports, media & entertainment specialist
Hugh Maconochie has joined the agency's HNW-focused division to lead the Sports, Media and Entertainment team.
Surprise result in £36mn Notting Hill moth mansion dispute
Judge rules super-prime home should be returned to the vendor after more than five years, in what lawyers call 'a really surprising' decision.
By PrimeResi
London resi veteran launches boutique buying agency
Matt Leitch's OQO London specialises in property searches & acquisitions for buyers & investors.
By PrimeResi
Well-known boutique agency moves into Mayfair
Hermione Russell & Ed Woolgar are leading Russell Simpson's third Prime Central London office.
By PrimeResi
INHOUS names new Head of London Sales & Searches
Former Marsh & Parsons and Black Brick agent steps up at David Johnson's agency.
By PrimeResi
Interview: Laura Conduit of Farrer & Co on navigating the legal side of luxury property
'It’s about being a normal human being and not a stuffy lawyer'; PrimeResi meets the head of property at one of London's oldest & best-known law firms.
James-Wright joins Cuthill’s Blue Book Agency
Top country house expert moves from The Buying Solution to Lindsay Cuthill's two-year-old firm.
By PrimeResi
Maybourne to bring ultra-luxury branded residences to Paris
Claridge's operator confirms plans for 23 top-end residences as part of new 'palace-style' hotel project in the City of Light.
LATEST ARTICLES
Strutt & Parker launches ‘refreshed’ Private Client Department
Agency's new-look offering for the super-rich, headed by Keir Waddell, provides 'one-stop' access to over 200 specialist services.
Off-market deal sealed on £14.5mn Academy Gardens trophy home
Boutique agency finalises another hefty sale in the prestigious scheme on Kensington's Phillimore Estate.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Cadogan completes Sloane Street’s ‘grand transformation’
The £46mn public realm revamp was designed by John McAslan + Partners with Andy Sturgeon.
By PrimeResi
Christie’s International Real Estate debuts in Saudi Arabia
Compass-owned brand teams up with real estate tech firm to launch new venture in the Kingdom.