Other News
Market appears to be in a ‘sustainable recovery’ – Anthony Codling
Increasing confidence that the mini-boom has bigger legs than initially thought.
News
Lettings
Landlords are working with tenants to avoid evictions – safeagent
Lettings accreditation body says there won’t be widespread evictions and arrears are lower than feared
Finance
Rightmove revenue drops 34% and profits down by 43%
Portal will pay back the money it has received from the furlough scheme
Agency
Zoopla set to launch its biggest ever marketing campaign
Portal intends to maximise the leads sent to agents
Agency
Savills group profits dropped by 69% in first half of 2020
Savills' PRS business bucks the trend with a whopping 87% increase in revenues
Other News
Trending topics on the Property Tribes forum – Landlords’ Barometer #84
A look at the murky side of the property “wealth creation” industry.
Agency
London sales and lettings markets show a subdued rebound – Knight Frank
Sales activity up but lack of corporate demand is affecting lettings
Agency
Fine & Country donates £100 to charity for every successful referral
Initiative launched to encourage thinking about those who are in a less secure position during these troubled times
Agency
Purplebricks’ instructions fall by 23% year-on-year
Purplebricks' average revenue per instruction grows by 12% but losses mount
Finance
LSL interim results show the leap in business after end of lockdown
Group improved profit in face of 25% fall in revenues
Law
OPINION: Covid and technology will force lawyers to change their conveyancing ways
Zombie law firms will be swept away by those prepared and able to invest in the future
Other News
We’ve got to get out of this place – city dwellers head for the villages
Rightmove shows home hunters leaping over towns as they seek a life in the country
Agency
Increased demand across the board – Fine & Country
Estimate of 750,000 housing market transactions in 2020 may prove to be low
Charity
Yorkshire estate agency gives £25K donation to hospice
Generous estate agency has given hospice almost £100,000 in last five years
People
Rightmove appoints new Chief Financial Officer on potential earnings of £1.75m
Former chief strategy officer at News UK joins Rightmove
Agency
Where is the most lucrative place to be an estate agent?
Capital cities head the list of commission-earning hot spots
Agency
Market share – the winners and losers since Covid hit
Corporates lost most market share during lockdown but are coming back strongly