Estate Agency News
Jackson-Stops expands with two new launches
National estate agency Jackson-Stops has created a Suffolk Land & New Homes department, and added a Woking branch to the Surrey network.
UBS upgrades Purplebricks on back of market rebound
Hybrid agency goes onto Swiss bank's 'buy' list...
Keller Williams’ global deal tally dropped by over 15% in Q2, but tech drive helps agents ‘maintain momentum’
“We responded to the demanding market challenges brought on by Covid by pivoting fast to empower our agents’ business to thrive in this unforeseen market," declares KW President Josh Team.
Yopa turns a profit ‘six months ahead of schedule’
Savills-backed fixed-fee estate agency has seen "dramatic growth" spurred on in part by the property market's post-lockdown activity run.
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.