Estate Agency News
Rising sales supply leads to ‘more sustainable market conditions’ – but ‘the recovery is still fragile’
New sales instructions have increased by 16%, says Knight Frank, as supply catches up with post-lockdown demand.
Activity returns to global property markets, but there’s a ‘disconnect’ between buyers & sellers on pricing
Residential property activity in China "has largely returned to normal" after two or three months out of lockdown, reports Savills.
Yopa reports a ‘seismic shift’ in the market & its fortunes since lockdown
Hybrid estate agency Yopa has just seen its strongest ever start to a month, with "a whopping month-on-month increase" in registered buyers and a 67% increase in instructions.
Estate agency directors disqualified over price fixing cartel
Two agency bosses have been banned from a running a company for six-and-a-half years, after a CMA investigation found that they had conspired to fix commission rates for nearly seven years.
Can estate agencies survive the unfurloughing of wage bills?
The Government's furlough scheme is supporting the property industry to the tune of over £120 million a month, says Rayner Personnel.
Savills expands in SW France with new resi agency partner
Savills has boosted its continental coverage by teaming up with Beaux Villages Immobilier in South West France.
One month on… ‘We are hopeful that we are witnessing a more sustained level of activity’ – Carter Jonas
Buyers are now making offers after an average of just 3.8 property viewings, reveals Carter Jonas - far quicker than the 12.8 average at this time last year.
Domus man Shaw joins Youhome in Notting Hill
The self-proclaimed “new category of estate agency” has attracted another big name to its ranks in prime London, recruiting Domus Nova's former Head of Sales, Chris Shaw.
Strutts alumni launch new country house estate agency
Oxfordshire-based start-up The Country House Department is being pitched as "a modern medium for the finest country homes, created to do justice to the most exceptional properties".
Guild reports a ‘remarkable number’ of new members joining under lockdown
27 estate agencies joined The Guild of Property Professionals while the property market was on ice.
Tenant demand is catching up with rental supply in prime London
"It still feels like it’s more of a tenants market" in prime London, says Knight Frank's Head of Lettings, "but we are going into the busiest period of the year and I would expect supply to come down.
PCL prices prove resilient as demand recovers faster than supply
“It feels remarkably similar to the period that followed the EU referendum,” says Knight Frank's Head of London Residential Research, Tom Bill. "It will take a while for the market to find its feet.