It's been revealed that Countrywide has lost 200 branches in its reorganisation - that's around 20 per cent of its branch network. In its annual trading statement for 2016 Countrywide reveals that its pre-tax profit has plummeted from £47.7m in 2015 to £19.5m last year. Other profit measures also slumped - EBITDA... Source: Estate Agent...
9th March 2017
Estate agents are angry that Chancellor Phillip Hammond made no attempt in his first Spring Budget to reform stamp duty - despite being shown evidence of how its current application hits the housing market. "The government is sticking to its guns and refusing to give the nation a break. We will... Source: Estate Agent...
Purplebricks' entry into selective areas of the US market comes just as new evidence suggests the use of estate agencies by younger buyers and sellers is soaring - and the US idea of 'For Sale By Owner' has dropped to its lowest recorded level. In the annual Home Buyer and Seller... Source: Estate Agent...
Auction House London is celebrating selling the largest number of lots it has ever sold in a single auction, along with its highest-ever priced property. In its last sale on February 22 - when for the first time it was handling auction stock on behalf of Countrywide - the company raised... Source: Estate Agent...
Business consultancy Jefferies has given a strong endorsement to the digital agency policy set out by LSL Property Services earlier this week. Jefferies says the key takeaway from LSL's extensive research - reported here - is that existing hybrid estate agencies are 'not hybrid enough' and require greater intervention by 'real' agents with... Source: Estate...