Knight Frank has reported a record pre-tax profit and has reimbursed staff who sacrificed some salaries during the pandemic. The agency - which has large commercial and consultancy arms in the UK and overseas, in addition to its residential wing - made a pre tax profit of £173.7m, up 23 per cent on... Source: Estate Agent...
1st November 2021
OnTheMarket has announced that it’s reducing the amount it’s paying for PropTech supplier Glanty. Glanty is best known for its lettings platform teclet, a cloud-based lettings software platform. A statement to shareholders today says: “OnTheMarket plc, the majority agent-owned company which operates the OTM property portal, announces that the initial...
An online intelligence platform has started ranking agencies in terms of their SEO and Google searches. The platform - Industry Alerts, which describes itself as a business-to-business competitor intelligence tool - monitors UK wide estate agency rankings plus those in London, Glasgow, Manchester, Birmingham and Leeds. In the capital, Winkworth and Dexters... Source: Estate Agent...
An estate agency group is rebranding and pledges that it will build on its current revenue averaging £1m per branch. Property group Nick Dunning Associates, which includes the brands Townends and Regents, has rebranded to Stirling Ackroyd Group, effective from today. All Nick Dunning Associates’ services and 35 estate and lettings agency... Source: Estate...
Increasing house prices has encouraged HM Revenue and Customs to launch huge numbers of probes into Inheritance Tax payments. According to law firm Pinsent Masons, HMRC opened 3,574 investigations into IHT in 2020-21, securing an additional £254m in revenue; the situation for individual home owners is allegedly made worse because many... Source: Estate Agent...
Official forecasts suggest house prices will rise for five years at least, although at well below the rate of growth seen in 2021. The Office for Budget Responsibility says an 8.6 per cent rise is expected this year, falling to 3.2 per cent in 2022 and 0.9 per cent in 2023. Further... Source: Estate Agent...
A petition calling on the government to set up an independent enquiry into the cladding crisis has reached a key 10,000 signature milestone. This means it will receive an official response from the government; if the petition goes on to secure 100,000 signatures it may trigger a Parliamentary debate on the... Source: Estate Agent...