Posts Tagged ‘countrywide’
BREAKING NEWS – 5 top stories 09/02/2021
RIGHTMOVE DEFENDS PRICE INCREASES BY STATING IT IS GIVING ENHANCED SERVICES With even more agents saying they are being faced with a 10% increase in their fees to Rightmove, the portal is now pushing the agenda that they are offering enhanced services to agents. Having now been contacted by over 300 agents, I think that…
Read MoreCountrywide issued its trading update for the quarter ended 31 March 2018.
Countrywide PLC yesterday 25th April 2018 issued its trading update for the quarter ended 31 March 2018. Total Group income for the quarter was lower at £145 million compared to £162 million for the same period in 2017. Countrywide stated in the announcement that the Group has moved swiftly to restore expertise in Sales and…
Read MoreNumber of Landlords re-mortgaging for home improvements reaches record high according to Countrywide
The latest Countrywide plc Monthly Lettings Index report – March 2018 reveals that the number of landlords re-mortgaging to release money for home improvements has reached a record high. In the last 12 months 9,523 landlords who re-mortgaged their buy-to-let withdrew money for home improvements, that figure is more than triple the number recorded in…
Read MoreCountrywide step up to support sport relief 2018
Countrywide press release published earlier this week headlined ‘Countrywide step up to support Sport Relief’, the release read as follows: On Friday 23rd March Countrywide’s Conveyancing Services Manchester office will be transformed into a call centre for Sport Relief 2018. Members of staff from the Manchester office and throughout the wider business across the UK…
Read MoreRental growth slowed in February compared to the previous month according to Countrywide
The latest Countrywide plc Monthly Lettings Index report – February 2018 published 12th March 2018 headlined “Average landlord who sold in 2017 gained £86,651” The report reveals: The average landlord who sold their rental property in 2017 did so for £86,651 more than they paid for it, having owned the home for an average of…
Read MoreMy thoughts on Countrywide
Countrywide’s positioning strategy was to offer even more choices that appealed to everyone…. but trying to appeal to everyone means you appeal to none.
Read MoreCountrywide PLC announces poor performance in sales and lettings
Countrywide PLC today announces preliminary statement of annual results for the year ended 31 December 2017. The statement headlines: 2017 A disappointing year – 2018 Management Change and recovery plan underway. Group reported: Income for the full year was £671.9 million (2016: £737.0 million) while adjusted EBITDA was 23% lower at £64.7 million (2016: £83.5…
Read MoreRental market grew in 2017 according to Countrywide
The latest Countrywide plc Monthly Lettings Index – January 2018 released this week reveals that rising rents and more households renting means 2017 was a record year for total rent, last year tenants in Great Britain paid a record £51.6 billion in rent, an increase of £1.8 billion on the previous year and more than…
Read MoreCountrywide PLC agrees ammendement to finance facilities.
Last Friday 2nd February 2018 Countrywide PLC put out the following statement: Countrywide plc, the UK’s largest integrated property services group announces that on 2 February 2018 the Company agreed an amendment letter relating to its term and revolving credit facility with its lender partners which provides the Company with the financial flexibility to invest…
Read MoreCountrywide reveals London still the accidental Landlord capital of the country
Latest Countrywide PLC Monthly Lettings Index report – Novemver 2017 headlines ‘Accidental landlords add 80,000 rented homes to the market’. In the report it states: The annual rate of rental growth picked up in November, with the cost of a new let across Great Britain rising 1.2% over the last 12 months or 1.6% outside…
Read MoreAn increase in the number of Landlords buying in cash according to Countrywide.
The latest Countrywide Lettings Index report – October 2017 released yesterday headlines ‘Cash landlords spend a record £21 billion’ The report reveals that: The rising number of landlords buying in cash means that over the last year they spent more than at any time in the last decade, a record 65% of landlord purchases over…
Read MoreCountrywide Plc Q3 revenue falls 7% year on year.
Countrywide plc the UK’s largest integrated property services group, issued its trading update yesterday 9th November 2017 for the quarter ended 30 September 2017. Total Group revenue for Q3 was £175.1m, an increase of 2% compared with Q2 and down 7% year on year, within estate agency, Q3 revenue was £47.8m (2016: £57.0m). Third quarter…
Read MoreRents rose in all regions across Great Britain (yr on yr) according to Countrywide
The Countrywide PLC Monthly Lettings Index – September 2017 published today headlines ‘Rental sector grows as Landlords expand portfolios.’ Rents in Great Britain rose 1.6% year-on-year as rents in Greater London grew for the second consecutive month. Countrywide research reveals: Today fewer landlords and more rental properties means the size of the average landlord’s portfolio…
Read MoreRents in London rose for the second consecutive month according to Countrywide
The latest Countrywide PLC Monthly Lettings Index – August 2017 headlines ‘Rental sector grows as Landlords expand portfolios.’ Rents in Great Britain rose 1.6% year-on-year as rents in Greater London grew for the second consecutive month. The Index shows that the number of landlords has fallen over the last two years despite a rise in…
Read MoreA lack of Housing supply will continue to support the level of price growth says Countrywide
A recent news release from Countrywide contained their Housing Market Forecasts, published on the 21st August 2017 the news released headlined ‘Price growth to slow to 1.5% in 2017, but increase to 2% in 2018. They expect average house price growth in Great Britain to fall to 1.5% in 2017 compared with 5% in 2016.…
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