The real estate division of French bank BNP Paribas has exchanged on the acquisition of Strutt & Parker, bringing together some 1,500 staff. Strutts staff have been told that the deal involves the bank buying the agency’s residential and commercial arms; the brand will be retained on the residential offices although not... Source: Estate Agent...
July 2017
Some 19 per cent of estate agents in the UK currently show warning signs that indicate they are at risk of going insolvent according to an accountancy firm. Moore Stephens says that its research of data at Companies House shows that 4,928 estate agents out of a total 25,560 are showing signs... Source: Estate Agent...
Adam Day, the founder of Connells-owned online estate agency Hatched, has been announced as head of operations at easyProperty. In a statement this morning, Day’s role is described as establishing the new systems and procedures which will transform easyProperty into a business-to-business-to-consumer platform “enabling the convergence of high street agency...
A City analyst has fuelled speculation that Rightmove has a goal to increase its monthly average revenue from each agency from the current £856 to no less than £2,500. Anthony Codling of Jefferies - a City consultancy in the past linked with ZPG - says in a note to investors that... Source: Estate Agent...
New figures produced by estate agency Carter Jonas show that the long-term consequences of the credit crunch have exacerbated the historic north-south divide. Looking at comparative prices between 2007, when the credit crunch started, and 2017, the agency reveals that while the Midlands and particularly the south of England have recovered... Source: Estate Agent...
Installing solar panels on your home makes no difference to how much it’s worth, according to two thirds of estate agents. Research for consumer group Which? by NAEA Propertymark, questioning 1,252 estate agent businesses, reveals that just eight per cent of estate agents say the panels increase values but 17 per cent... Source: Estate Agent...
In its latest report to shareholders, Rightmove has revealed yet more growth in agent numbers, traffic to its website, revenue per advertiser and profits. The figures - released this morning - relate to the first six months of this year and show that it has record agency and new homes customer... Source: Estate Agent...
Three agencies have been expelled from membership of The Property Ombudsman for two or more years, after failing to pay awards or comply with the scheme’s codes of practice. The expulsions of Shields & Co in Nottinghamshire, LPC Lettings Ltd in Liverpool and Blackhorse Property Management Ltd in Bradford follow complaints made... Source: Estate Agent...
Countrywide says the roll out of its online sales and lettings service is on schedule to reach 50 per cent of branches by July 31 - that’s Monday of next week. It is only 14 months since Countrywide revealed that it would be piloting an online option for vendors in three... Source: Estate Agent...
Households appear to be more optimistic about the strength of the housing market despite Brexit and political and economic uncertainty, according to the latest Knight Frank Sentiment Index. The index reveals that households across the UK perceive that the value of their home rose over the last four weeks - and that... Source: Estate Agent...