Estate Agency News
Savills’ UK resi profits slumped by 54% in the first half of this year
Sales operations were hit hard by the Coronavirus pandemic in H1. But the Private Rented Sector proved a bright spot for Savills, with "an outstanding performance" seeing revenue jump by 87%.
Guild relaunches auction offering for members
The "Guild Auctions" partnership with Iamsold allows GoPP members to operate their own branded auction platform.
Winkworth reports busiest July in five years
100-office network notes a ‘significant recovery in sales interest’ as Chancellor’s stamp duty holiday ‘turbo-charges’ the market
Purplebricks‘ UK revenue tumbles 11%; instructions down by nearly a quarter
Hybrid agency says it is ‘emerging through the Covid-19 pandemic in a very strong position’, with a healthy cash balance of £66m and a focus ‘fully on the UK’
Fine & Country plans to become ‘the largest premium estate agency in the UK’; appoints a new Director to help make it so
F&C Leamington Spa boss Jonathan Handford is now a Director of Fine & Country UK.
Estate agents’ average commission fee rises to 1.5%
Agents in Kensington & Chelsea tend to charge a higher percentage than anywhere else in the country (2.32%) and earn the highest commission amount per sale (£32,430).
Fine & Country builds prime London presence with nine new licenses since May
The upper-end estate agency brand has added outposts in locations including Belgravia, Islington, St Johns Wood and Holland Park.
Foxtons revenues drop 22%
There's been a "steady improvement in activity across the business" since branches re-opened on 1st June, says London estate agency Foxtons.
Knight Frank to cut staff numbers amid ‘extreme circumstances’
Tough decisions are being made to futureproof the business, says chairman Alistair Elliott
Countrywide enlists headhunters to ‘hunt for a new boss’
Sky News has reported that Countrywide Plc is searching for a new Chief Executive to replace Paul Creffield, and that Chairman Peter Long will also "step back" at some point.
Estate agents are ‘de facto agents of the Russian state’, claims Parliamentary report
There's "a growth industry of ‘enablers’ including lawyers, accountants, and estate agents who are – wittingly or unwittingly – de facto agents of the Russian state", according to the Intelligence…
14 key principles for licensed estate agents: Future RoPA Code of Practice opens for consultation
“The new code of practice will look to set standards at a higher level than currently legally set," says steering committee leader Baroness Hayter.