Archive

The General Election had a “less dramatic” impact on the property market than in previous years except for at the high-end...

LSL’s businesses remain in “good shape” and are trading better than expected so far this year, the property brand claims. A trading...

Savills’ “less transactional” services have boosted its performance so far this year amid a slower property market. A trading update from the...

Rightmove posted a bullish trading update and raised performance expectations for the year ahead on Friday but the markets seemed less...

A recent announcement by housing giants Persimmon has been heralded as a welcome boost to the property sector. In a trading update they...

LSL has hailed the benefits of switching to a franchise model for its estate agency brand. A trading update from the company...

LSL’s estate agency network has performed ahead of its plans since shifting to a franchised model last year. The LSL estate agency...

Foxtons is set to close and consolidate some Ludlow Thompson branches as part of plans to save £3m this year. A trading...

Most markets appear to be either at, or past, the moment of peak uncertainty, Savills claims. A trading update from the agency...

Winkworth's network completed sales for the year fell by some 19% in 2023, the agency franchise brand has revealed but it...

This year has seen an ongoing cost-of-living crisis, fluctuating mortgage rates, rising rents, and the threat of falling property prices. Although average...

Rightmove’s entry into the mortgage market presents a threat to financial services leads, agents have been warned. The portal said in a...

Rightmove is expecting more money from agents this year and is also looking to grab a slice of the mortgage market. A...

By Kevin Shaw, National Sales, Managing Director, Leaders Romans Group This year has seen an ongoing cost-of-living crisis, fluctuating mortgage rates, rising...

Trading conditions in the housing market have worsened during this summer, Crest Nicholson has warned. A trading update from the housebuilder said...

Belvoir has reported revenue growth for the first half of 2023 despite “challenging market conditions,” with its lettings performance offsetting lower...

The Property Franchise Group (TPFG) has said its multiple income streams will help it navigate the uncertain markets after it revealed...

Investors were licking their wounds yesterday after the Purplebricks’ share price plummeted by 60% off the back of warnings that it...

Purplebricks has warned its cash reserves are under threat if its strategic review and sales process isn’t completed soon. A trading update...

Conveyancing software provider Smoove’s flagship agency product has been “paused.” Smoove Start was launched last year, providing a platform for agents to...

Purplebricks is considering an alternative ownership structure to ‘better realise the potential of the group.’ The beleaguered online agent launched a strategic...

Connells Group held its annual management conference and awards ceremony recently at MK Dons Stadium in Milton Keynes where it unveiled...

The Property Franchise Group (TPFG) is expecting the market to align with conditions seen in 2019. A trading update from the listed...

Foxtons is expecting a “more challenging” year as it nears completion of an operational review of its business. The London-focused agency brand...

OnTheMarket chief executive Jason Tebb has said he is “pleased with the progress” of getting agents to renew contracts as the...

The first half of 2023 will be more challenging than last year but the performance of the prime residential markets should...

Higher mortgage rates and the end of Help to Buy has had a “sharp impact” on sales rates, Persimmon has warned. A...

Winkworth agents ranked second when it came to property exchanges in London last year, the franchise agency brand claims. A trading update...

Housebuilder Barratt Developments has implemented a hiring freeze and reduced land approvals as it warns of uncertain buyer confidence. A half-year trading...

Purplebricks’ activist investor Lecram Holdings has warned shareholders can’t afford to wait ‘while the business runs out of money’ in a...

The Mortgage Advice Bureau (MAB) has written off its investment in collapsed challenger portal Boomin. The broker entered a strategic relationship with,...

LSL has warned of a slowdown in sales and a rise in fall-throughs at the agency as it issued a “cautious...

Winkworth has predicted a sales demand rebound before the Christmas slowdown. A trading update from the agency franchise brand revealed that new...

Foxtons has upped its expectations for its full year financial performance despites acknowledging a “less certain market backdrop.” A trading update from...

Demand for new-builds has slowed amid the current economic environment, a major developer has revealed. A trading update from Barratt Developments for...

Agency franchise brand Winkworth is sticking to its market expectations for this year as it claims the mini-Budget is yet to...

Agents and other property professionals have, perhaps unsurprisingly, reacted positively to rumours of a Stamp Duty cut. Prime Minister Liz Truss and...

Last week was quite a week for major trading updates, with four of the market’s biggest players announcing either half-year or...

Connells Group - the largest agency group in the UK after its purchase of Countrywide - has today announced its financial results for...

The Property Franchise Group, the UK's largest property franchisor, has provided a trading update ahead of publishing its interim results on Tuesday...

A record share of buyers are leaving London to purchase their first home, research shows. Analysis by Hamptons found that a record...

Winkworth remains confident about its sales pipeline for the rest of the year, with transactions agreed in the first six months...

Purplebricks has pushed back the publication of its annual accounts. The online agent’s full year results were due to be published on...

LSL has reported a 16% drop in estate agency residential exchange income but says it is sales pipeline is at record...

Belvoir has reported that group revenue is up 14% in the first four months of the year, helped mainly by its...

Purplebricks has revealed a drop in instructions so far this year. The online agency brand issued a trading update this morning for...

The latest trading update from Foxtons has revealed that sales revenue in the first quarter of this year was down 9%...

The investment arms of Savills and the Daily Mail General Trust have pumped more cash into online agency Yopa which has...

A torrid period for Purplebricks' share value means it opens stock market trading today with a price of just 33p.  This is less...

Purplebricks' share price tumbled a remarkable 34 per cent this morning when trading opened on the London Stock Exchange. The price crashed...

Foxtons has given an upbeat trading update to shareholders this morning. It says so far this year sales revenue is a huge...

A housing expert says the psychology of a population coping with the pandemic lies behind the house moving frenzy of recent...

New research has thrown light on how much buyers must pay on average to trade up to a property with one...

Homeowners staying at home during another lockdown are doing more than sharing memes of groundhog day or doing family quizzes on...

By any available metric, Belvoir had a good 2020. Already a well-known and well-established name, it was highly praised for its...

Chancellor Rishi Sunak is considering an extension to the current stamp duty holiday according to media reports today - and the...

High profile franchise hybrid agency EweMove has announced ambitious plans to double agent numbers within two years. The firm - which has...

OnTheMarket’s latest trading update shows a significant rise in revenue but agency branch membership numbers stalling. Revenue was up 28 per cent...

Savills has boosted its forecast for housing transactions this year because the stamp duty holiday has been such a success at...

Logjams in the mortgage, conveyancing and removal stages of house moving mean sales are taking much longer than usual, according to...

There’s been a strong rebound in demand for homes and an “unprecedented” bounce in new sales agreed according to Zoopla. The portal...

Foxtons' Annual General Meeting next month is to be held virtually, meaning voting will be electronic. A feature of last year’s AGM...

Countrywide has revealed a major hold-up in its supposedly "vital" sale of its commercial arm - and it is now seeking...

Some buying agents have batted away the many signs of an improving housing market but one says the Boris Bounce is...

Foxtons is reported to have closed four more branches across London, backing up widespread industry speculation that the agency is retrenching further in...

Purplebricks is to give its next trading update on General Election day, December 12, when it will tell shareholders the details...

The London market has “plummeted” because almost a third of vendors have cut their asking prices in anticipation of Brexit. Using data...

Purplebricks has announced that it is to give a trading update and the result of its review of its US activities on...

It’s the word on everyone’s lips: after two and a half years of debate, and months before that leading up to...

Purplebricks says its performance in the UK “is currently showing double-digit growth year-on-year in monthly instructions.” In a brief UK trading update...

Small print in the Countrywide rescue plan announced yesterday spells out in stark terms what could happen if the company’s bid...

Foxtons has this morning given a gloomy trading update to the City and shareholders. In a statement issued at 7am it says:...

National franchise giant Hunters has delivered a strong trading update, despite what it describes as 'challenging conditions'. Earlier this week, it was...

EweMove, the online brand owned by the Property Franchise Group, now has 108 franchisees - 97 are fully operational and 11...

Purplebricks has this morning issued its latest trading update, reporting what it calls "strong growth" in the UK and updating investors on...

Purplebricks says it is receiving an average revenue per customer of £1,000, has more than doubled instructions and is now generating...

A trading update released by Countrywide this morning shows a 29 per cent slump in London exchanges in the third quarter...

Although Brexit, portal juggling and portal wars have stolen property industry headlines in recent months, there's been one story almost constantly...

Countryside Properties and Telford Homes are the latest housebuilders to report good trading conditions following the result of the EU referendum. Countryside,...

Countrywide has confounded its critics with an upbeat performance in the first six months of the year, growing revenues by nine...

One of the UK's largest estate agency chains has issued its latest trading update, reporting a strong start to the year. Hunters,...

Zoopla Property Group (ZPG) has today reported a strong period of growth during the six months to the end of March...

Purplebricks Group has issued a trading statement to the City - with another dramatic revenue increase and a claim that the...

One of the founders of online agency Purplebricks says his aim is for the firm to become the "first choice" for...

The influential Home Owners’ Alliance pressure group says Britain pulling out of the EU would probably depress house prices. The HOA - a...

Sales and lettings franchise giant Hunters has told the City it is anticipating “significant expansion” this year through additional franchises and...

Zoopla has confirmed that its next date for announcing its agency membership totals - part of its ongoing rivalry with OnTheMarket...

The UK’s largest estate agency group has upgraded its profits forecast to the City - just over 10 weeks after issuing...

Zoopla has added another 146 UK estate agents to its membership since July, taking the total of UK agents now to...

Zoopla says it will later this week give an update on the number of agents it now has as members -...

OnTheMarket has made a defiant response to news that Zoopla is growing both its estate agent membership and its property listings...

Zoopla is back in business with its trading update to the City this morning revealing that it has a net growth...