• Cedar House, Caen St, Braunton EX33 1AH

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LSL profits up – but agency group warns of 'suppressed sales'

LSL Property Services – owners of Your Move, Reeds Rains and Marsh & Parsons amongst estate agency brands – has enjoyed a strong first six months of the year with group operating profit up 61 per cent to £14.3m. Pre-tax profits were up 57 per cent to £13.2m and operating profit up… Source: Estate Agent News

Agents' Mutual revenue static but company claims "good progress"

The accounts for Agents’ Mutual, parent company of the OnTheMarket portal, show that revenue for the year ending January 31 was £17.831m – almost exactly the same as the previous year’s figure of £17.851m.   The directors’ report accompanying the accounts says revenue is “the key performance indicator, monitored on a monthly… Source: Estate Agent […]

OnTheMarket holding 20 meetings across UK with agents this month

OnTheMarket is this month holding 20 meetings for member agents to explain “progress and plans” for the portal.   The meetings – sometimes two a day, and including one late in the afternoon on the Thursday before the Bank Holiday weekend – follow the recent judgment from the legal action against Gascoigne… Source: Estate Agent […]

Strutt & Parker still facing challenges as it reports more London woe

The latest market snapshot by high-end agency Strutt & Parker reveals more bad news for London – despite the agency itself being made secure as a result of its sale to French bank BNP Paribas.     The sale gives some security to Strutts, which has in the past two years suffered,… Source: Estate Agent […]

UK home buyers 'most online-savvy in the world' says bank

House hunters in the UK are the global leaders in online property research according to a new study from HSBC.    The bank found 93 per cent of UK home buyers use online services – although not necessarily online agencies – to assist with their property search; across the world as a… Source: Estate Agent […]