Estate Agency News
Strutts recruits client services chief
Strutt & Parker has hired a new head for its Client Services team, charged with "unlocking opportunities within the customer database through a consistent and robust contact strategy."
Private equity investor takes majority stake in luxury property brokerage Engel & Völkers
Permira has agreed to buy the majority of Engel & Völkers, which is gearing up to re-enter the UK market.
Purplebricks ditches self-employed agent model
Hybrid estate agency Purplebricks is overhauling its business model, transitioning its network of local sales agents from self-employment to fully employed status.
Savills posts record results as residential sales revenue doubles
Like other property PLCs, Savills' profits have surged this year. The firm's UK Residential Transaction Advisory business posted record revenue in H1, nearly doubling (+97%) compared to last year.
LSL reports record figures
Marsh & Parsons' parent company is the latest big property firm to report a huge rise in revenue and profits in the first half of this year.
Countrywide acquisition & disposals help quadruple Connells’ profits
Connells "continues to look for investment and acquisition opportunities", says CEO David Livesey, as pre-tax profits jump from £17.2m in H1 2020 to £80.2m in H1 2021.
Fine & Country expands in the West Country
Plymouth-based Stuart Donnington has bought into the estate agency franchise, taking on a large territory that straddles Devon and Cornwall.
Foxtons posts ‘best first half results since 2016’ as sales revenue rockets
Foxtons Group revenue climbed to £66.9m in the first six months of this year, 66% up against 2020 and 29% up against 2019. Sales revenue has surged by 86% compared to 2019's level.
Carter Jonas recruits new Holland Park head
Polly Wattridge has joined Carter Jonas as Head of Residential in Holland Park, after three years with Featherstone Leigh.
Where is everybody? Five reasons why there are not enough estate agency candidates
Demand for estate agents is running high but there are fewer job-seeking candidates than ever before; property recruitment consultant Anthony Hesse explains why...
Connells bolsters senior lettings team with former Foxtons director
Connells Group has revamped its senior letting team, following its acquisition of Countrywide earlier this year.
Foxtons looks to offload its Alexander Hall mortgage arm
High-profile estate agency confirms that it is "reviewing strategic options" for its mortgage business, Alexander Hall.