High profile estate agency secures another acquisition
Established in 1992, the company has a track record in property sales and auctions
Marc da Silva
Foxtons – another solid quarter as estate agency sees sales revenue rise 36% over summer
Q3 trading update: Third consecutive quarter of revenue growth in 2024, and the highest Q3 Sales revenue since 2015
Hundreds of jobs under threat as property giant plans to shut nine offices
As part of a significant cost-saving drive, nine divisional offices across the country will be closed, subject to staff consultation
Estate agency sector offers room for growth
The total size of the UK estate agency sector based on revenues is forecast to increase in 2025
RICS launches new global standard on agency and management principles
This global standard covers residential and commercial auctioneering, property agency and management, and mixed-use real estate
New enforcement officers seek to improve housing standards
Propertymark supports the programme to introduce new housing enforcement apprentices to tackle inadequate properties, as part of plans to empower renters
Savills named in top 25 of Social Mobility Employer Index 2024
Savills and Colliers are the only property firms to feature on the index, which has been created by the Social Mobility Foundation
Lomond acquires 12-branch estate agency
The fast-growing estate agency has revealed yet another milestone acquisition that will see it enter into a brand new region
LSL Estate Agency Franchising targets independents with new campaign
LSL Estate Agency Franchising seeks to expand with two new campaigns for its brands, Your Move and Reed Rains, targeting agents thinking of switching to a franchising model
Fine & Country expands with new office
This move is designed to increase market share
Well-established property firm expands its operations by acquiring new office
The firm, which has acquired three estate agency business this year, works with a growing network of more than 3,700 partner agents throughout the UK
Strong resurgence in UK property auction market after summer break
The post-summer recovery has brought strong gains in key regions, particularly in London and the North-East, where heightened activity and rising values reflect robust demand
Investment arm of Savills completes first acquisition
Open-ended core product has been designed for institutional investors seeking a low-risk, inflation-linked income stream while also delivering social impact
NRLA joins forces with Domna to help landlords improve EPC ratings
New deal aims to help landlords improve their Energy Performance Certificate ratings and comply with upcoming regulations
Government commits to improving quality of new homes
The Labour government plans to build 1.5m homes over the next five years, with an aim to deliver 370,000 new houses across the UK annually
Homebuyers urged to be vigilant for invasive bamboo
Estate agents are all too aware of the potential problems caused by invasive bamboo, with a number of property sales having collapsed in the past as a result of the invasive plant
UK interest rates will drop to 2.75%, Goldman Sachs predicts
The Bank of England will cut interest rates much faster than markets predict
Angela Rayner set to clampdown on Thatcher’s Right to Buy scheme
Housing secretary Angela Rayner is preparing to amend the Right to Buy scheme that allowed her to buy her own council home
Comings & Goings
Snippets of industry news: Tim Firth joins house. Partnership as regional partner; Boyer announces director-level appointments from Knight Frank; Sterling Estate Agents unveils new recruits
Are you familiar with the Renters’ Rights Bill? New course for agents
The new training courses are available for agents until the end of the year