Posts Tagged ‘Lettings’
Rents rose in every region of GB in September, the first time since January according to Hamptons International
Latest Hamptons International Monthly Lettings Index report – September 2018 headlines ‘Landlord purchases fall by £5.2 billion in 3 years’. The report reveals that in H1 2018 landlords spent £12.1 billion on new buy-to-let purchases, £5.2 billion or 30% less than in H1 2015 (£17.3 billion). In London landlords spent £3.5 billion purchasing rental homes…
Read MoreGround laid for a comparatively strong second half performance says Hunters.
Hunters one of the UK’s largest franchised sales and lettings agency businesses, issued an AGM Statement and Trading Update for the first four months of the year, ahead of its Annual General Meeting held Friday 18th May 2018. The Chairman, Kevin Hollinrake, made the following statement: “So far this year we have signed nine new…
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 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 MoreNew year has started in a positive fashion for the rental market in England and Wales says Your Move
The latest Your Move England and Wales Rental Tracker – January 2018 data released February 2018 headlined ‘Strong start to the year for the Engalnd and Wales rental market’ The latest Rental Tracker reveals that average rents have increased by 2.5% in the last year, average rent now stands at £829 per calendar month. In…
Read MoreDisappointing fourth quarter 2017 in sales and lettings business for Countrywide PLC
Countrywide plc, announced yesterday 18th January 2018 its trading update for the year ended 31 December 2017. Countrywide announced that revenue for 2017 for the Total Group is expected to be around £672m, against £737m for 2016, fourth quarter income of £164m against £179m for 2016. The announcement stated: Total income in the sales and…
Read MoreSpike in UK rental market activity for November 2017 according to Agency Express
The latest Agency Express Property Activity Index report for November 2017 headlines ‘Spike in UK rental market November 2017 ‘. Their latest data reveals the national month on month figures for new listings ‘To Let’ sat at 12.6%, and following three consecutive months of decline figures for properties ‘Let’ climbed back to 2.8%. The report…
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 MoreARLA Propertymark reveals trends and expectations for 2018
In a press release yesterday from ARLA Propertymark, they analyse their lettings data for 2017 to reveal trends and expectations for 2018. To read ARLA Propertymark’s 2017 overview of the private rented sector in full click here David Cox, Chief Executive, ARLA Propertymark comments on the findings: “It was always going to be an interesting…
Read MoreFoxtons reveals performance in line with expectations in latest qtr trading update
Foxtons plc, London’s leading estate agency, yesterday 18th october 2017 issued its trading update for the quarter ended 30 September 2017. The update revealed that: The Group’s performance during the quarter was in line with the Board’s expectations with total revenue of £35.1m (2016: £37.5m), taking total revenue for the nine months ended 30 September…
Read MoreCountrywide says overall market for housing transactions in the UK was down 7% in the period
Countrywide PLC today announced Interim Results for the six months ended 30 June 2017. They stated; The overall market for housing transactions in the UK was down 7%. Our sales market share held broadly flat at 4.9% (2016: 5.1%) despite the effect of the on-going transformation of the business; we held or gained market share…
Read MoreProfits fall at Foxtons following downturn in London property market
Foxtons Group PLC today announced interim results for the half year ended 30 JUNE 2017. Lettings revenue £32.1m down 2% versus prior year; Volumes up 1% with several growth initiatives underway, offset by fall in rental rates. Remains a resilient, recurring revenue stream. Sales revenue £22.2m down 29% in the half; mainly driven by the…
Read More28 Examples on How To Get More New Instructions
See how these 28 Estate and Letting Agents are being seen as the ‘Go-To-Agent’ in their Town
Read MoreAverage rents increased in Q4 2016 according to Belvoir.
The latest Belvoir Rental Index Report for Q4 2016 is now published on their website. Belvoir Lettings is one of the UK’s largest specialist residential lettings agencies with over 150 offices nationwide and a 20+ franchise support team based at Central Office in Grantham. Belvoir report that the National Rental Trend for offices in England,…
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