Posts Tagged ‘Lettings’
Substantial reduction in property sales transactions, especially in Central London reports Foxtons
Foxtons Group plc, London’s leading estate agent, today announces its financial results for the year ended 31 December 2016. Sales revenue down 23%, Lettings revenue down 1%, Mortgage revenue up 7%. Seven branches opened in 2016 and a further two in February 2017 taking network to 67 Commenting on the results, Nic Budden, CEO, said:…
Read MoreShortage of supply in both the lettings and sales segments says RICS
The Royal Institution of Chartered Surveyors (RICS) today released their UK Residential Market Survey for January 2017 headlined ‘Market needs “turbo boost” as supply shortage continues’. The RICS revealed that demand for rental properties continued to increase at the national level in the three months to January and projected rents would witness a cumulative increase…
Read MoreNAEA and ARLA working together with Rightmove
Both the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (ARLA) announced on their respective websites last week that they are working together with Rightmove to offer more help and support to agents by sharing the latest market insight and keeping them up-to-date with new legislation for both sales and…
Read MoreModest full year revenue growth reports Countrywide PLC
Countrywide plc trading update released Friday 13th January for the year ended 31 December 2016 ahead of its results announcement on 9 March 2017. Commenting on the Group’s performance, Alison Platt, CEO said: “It is pleasing to report modest full year revenue growth against the backdrop of a challenging residential sales market. Our Retail and…
Read MoreRents to rise 4% outside of London in 2017 forecast by Rightmove
The Rightmove Rental Price Tracker report released this week for Q4 2016 ( October – December 2016 ). Their forecast for 2017 is that rents to rise 4% outside London. All regions except London recorded a rise in asking rents in 2016, with prices up annually by 3.0%, London recorded an annual price fall of…
Read MoreMake 2017 the year you actually increase letting fee income
It’s about now when property experts start looking into their crystal ball to predict what might happen in the coming year. While speculation makes for entertaining reading, it’s planning – not star gazing – that should form the last few weeks of 2016 and into 2017. It’s possible that the proposed ban on letting agent…
Read MoreCountrywide report good progress despite tough market conditions
Countrywide PLc released their trading update yesterday 24th November headlined ‘Good strategic progress in a challenging market’. Commenting on the Group’s performance, Alison Platt, CEO said: “We have made good progress this year despite tough market conditions since the EU referendum, particularly pleasing is our growth in market share in both Sales and Lettings based…
Read MoreAnd now it hits the fan!
Way back in October 2015 when an in-out referendum was intended to mend rifts in the Conservative Party and the shortest serving England manager had seen out a full calendar year, the Deregulation Act took effect for all new tenancies in England. With fundamental changes to both the way in which repairs were handled and the…
Read MoreINDEPENDENT LONDON AGENT BERESFORD RESIDENTIAL FURTHER EXTENDS ITS SALES & LETTINGS NETWORK
Beresford Residential, one of London’s leading Estate Agencies, has further extended its Sales and Lettings network of branches by opening a new office in West Norwood. Launched in 2009, Beresford Residential has quickly grown to become one of the most successful and highly regarded independent estate agents in South London, consistently making the top 50…
Read MoreHunters Property deliver strong results in H1
Hunters Property PLC one of the UK’s largest national sales and lettings estate agency and franchise businesses, yesterday announced its interim results for the six months ended 30 June 2016. On the operational front Hunters opened 17 new branches, expanding the branch network to 180. They acquired two further lettings books in the Manchester area…
Read MoreNot sure about lettings? Vote remain and gain!
Partnerships do come to an end, it’s only natural. Britain and the EU. Roy Hodgson and England. Taylor Swift and Calvin Harris (anyone?). But if you are thinking of ‘consciously uncoupling’ from lettings, think again. Many agents mulling over the idea of selling or closing their lettings division have gone on to reverse the thought…
Read MoreBelvoir Lettings updates on Franchisee-Led Aquisitions
Belvoir Lettings plc, the UK’s largest property franchise, updates today on a number of franchisee-led acquisitions across the country. The acquisitions were made by Belvoir franchisees in Solihull, Rochester, Bournemouth and St Helens. Mike Goddard, Chairman and CEO of Belvoir reportedly commented; “The Group is going from strength to strength and I continue to be…
Read MoreBelvoir wins Gold Award
Belvoir Lettings plc, the UK’s largest property franchise group, announced yesterday that one of the Group’s brands, Belvoir, has won the Gold award for “Lettings Franchise of the Year” for the sixth time since the awards began seven years ago. The Lettings Agency of the Year Awards in association with The Sunday Times & The…
Read MoreBelvoir to become largest property franchise group in UK
Belvoir Lettings plc announced yesterday it has entered into a conditional agreement to acquire the entire issued share capital of Northwood GB Limited for a total consideration of up to £22.0 million. Northwood is the largest remaining independent property lettings franchise in the UK, established in 1995 it is a clear strategic fit with the…
Read MoreIs the cost of rent rising?
2015 saw the cost of rent continue to rise, but could things be set to change for the better? At the end of April, the Office of National Statistics reported that the cost of rent in the UK had risen by 2.6% over the last year. In the same period, average weekly earnings grew by…
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