The Competitions and Markets Authority is reviewing the acquisition of Expert Agent by ZPG, parent company of Zoopla and PrimeLocation. A statement from ZPG this morning reads: ZPG, owner of some of the UK's most trusted home-related digital platforms including, Zoopla, uSwitch, PrimeLocation, Hometrack and Property Software Group, announces that the Competition... Source: Estate Agent...
March 2017
Figures lodged at Companies House by online agency easyProperty suggest parent company EProp Services will seek additional funding this year. A strategic report attached to the firm’s figures, written by chief executive Rob Ellice, says that during the year to September 30 2016 the group raised £16m through the issue of... Source: Estate Agent...
City investment consultancy Jefferies has suggested that Rightmove ‘may go easy’ on increasing its charges to agent customers, because of the state of the housing market. The latest note to investors from Anthony Codling suggests that the UK housing market is in an unusual bind because on the one hand there... Source: Estate Agent...
Winkworth’s annual figures for 2016 reveal a franchise turnover drop of six per cent and a pre-tax profit fall of 25.6 per cent - but with rental income increasing significantly and plans for new initiatives in the current year. “The resilience of Winkworth’s franchising model has been demonstrated in a difficult... Source: Estate Agent...
The National Association of Estate Agents says the number of sales agreed rose to a 10 year high in February. The NAEA says an average of 11 properties per branch were sold last month: the last time this figure surpassed 10 per branch was in September 2007. The figure is also much... Source: Estate Agent...
Agents should remember to target overseas buyers and tenants according to the head of a business management system aimed at maximising international audiences. Peter Mansfield, group chairman of The World Property Network, says home grown portals have a proven domestic track record but unknown international reach. “These portals are not seeing the volume... Source:...
It’s been another busy week of fund-raising for agents across the industry, sparing time to do good works despite the market picking up according to latest reports. Please do let us know what you’re doing - just email press@estateagenttoday.co.uk and we’ll publicise your fund-raising. Now, on with today’s roll call... Avery Grand Charity... Source: Estate...
The triggering of Article 50 may have been regarded as a historic event but it appears to have left the housing market largely untouched. “My fundamental belief is that Brexit is irrelevant to the domestic housing market. Quite simply, there is no direct reason why it should have any impact on... Source: Estate Agent...
Countrywide has promoted Shane Ballard to become one of London’s Retail Directors in the organisation. He will cover sales and lettings for the Bairstow Eves, Mann, Gascoigne Pees and Greene & Co. brands. Ballard began his employment with Greene & Co in 2005 as a sales negotiator and, following the acquisition of... Source: Estate Agent...
Concern is growing over the stagnation in transactions in London generally and in prime central areas in particular. Consultancy JLL says there were promising signs for the capital in terms of prices of new homes and volumes of buyers, particularly in the final quarter of 2016. But Neil Chegwidden, residential research director... Source: Estate Agent...