Estate Agency News
Leading RE names new President of Global Operations
Chris Dietz has been promoted to President of Global Operations at Leading Real Estate Companies of the World.
Property portals ‘are inflating the cost of running an estate agency business to near impossible levels,’ warns agency boss
Steph Walker, COO of 19-month-old firm The Agency UK, says many top-end independent estate agencies "will have to shut their doors as competition in the marketplace greatens."
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%.
LRG buys eight-branch Isle of Wight estate agency
This is the LRG's second acquisition of 2022, since being acquired by Platinum Equity in February.
Fine & Country makes brace of appointments to accelerate expansion plans
Top-end estate agency franchise Fine & Country aims to enter ten new countries in 2023, as well as "growing the brand significantly" in its established locations.
Fine & Country moves into Teddington
Elisard Malizi and team have taken on a second Fine & Country license in West London.
Connells Group revenue falls 13% on ‘less frenetic’ property market
The owner of estate agencies including Hamptons and John D Wood "remains positive" despite falling revenues.
Winkworth opens fifth Devon outpost
Winkworth franchisee Chris Baker has acquired Carter Geering estate agents in Crediton.
Chestertons recruits Foxtons’ Ennis as CEO
Foxtons’ Central London & New Homes boss was the ‘standout candidate’ for the top role, says Chestertons.
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.
‘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.
LRG launches new property auctions brand
Daniel Gale has been promoted to run Leaders Romans Group's new First for Auctions brand.