Estate Agency News
Savills reports strong UK & global revenue growth
Savills saw a 10% jump in global revenues from 2018 to 2019 as the Plc shifts its emphasis from property transactions to "less transactional" services.
Chestertons names first international franchise partner
Estate agency Chestertons has expanded into Greece with its first ever global franchise partner, setting up "Chestertons Ionian" on Corfu.
LSL trumpets ‘highly resilient’ performance as estate agency revenue drops; warns on coronavirus impact
There's a lot going on in LSL's latest update to shareholders, with Countrywide merger talks ongoing, the impact of last year's dramatic network downsizing revealed, and a warning that the spread of the…
‘London leavers’ are now younger than ever as the capital’s price premium pushes people out
You can get a lot more property for your money outside of the capital; 953 extra square feet, on average, say LonRes & Hamptons as they analyse the latest trends in "London leavers".
Foxtons buys South East London estate agency for £2.2m as Chairman Watts steps down
Foxtons Plc is paying £2.2m for Woolwich-based London Stone Properties.
Ranked: Britain’s top ten most recommended property brands
Customers are more likely to recommend Rightmove and Zoopla than any other UK property brand, according to research firm YouGov. Dexters and Hamptons are the most-recommendable estate agencies...
Propertymark introduces a new toolkit to help speed up transactions
NAEA Propertymark's new Sales Protocol Toolkit has been designed to speed up transactions and reduce fall through rates, while helping agents to comply with Consumer Protection Regulations.
Foxtons sees a 10% slump in sales revenue
As Chairman Garry Watts bows out, London estate agency Foxtons reports a "robust performance in difficult market conditions" in 2019, with falling revenues from sales and lettings.
Housing demand jumps by more than a quarter
Estate agents report 29% more prospective buyers per branch compared to last year - but no corresponding rise in supply.
Yopa revenues surge by more than third
Hybrid estate agency reports "very encouraging" start to 2020.
Supply & demand move further out of kilter as vendors hold back
Demand may be surging, but new property listings have fallen by 21% year-on-year says Knight Frank, while January's UK transaction tally was 4% lower than in 2019...
Countrywide & LSL confirm plot for property industry mega-merger
LSL and Countrywide - which operate around 1,000 estate agency branches between them, including Marsh & Parsons, Hamptons and John D Wood - are reported to be in "serious" discussions about merging.