Agencies & People
News covering the businesses, activities, people and personalities in estate agency and letting agency and wider residential property industry.
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Nick Dunnning signs up Townends and Stirling Ackroyd to OnTheMarket
Two brands' 28 branches and 800 sales properties are now listing on the portal, alongside their existing agreements with Zoopla and Rightmove.
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Established Lancashire estate agency shuts up shop
Preston-based Lime Estate Agents Limited is voluntarily wound up by sole director and liquidators appointed.
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Purplebricks radically alters its fees structure in Australia
Purplebricks in Australia has radically altered its fee structure including raising its 'all inclusive' fees to nearly $9,000 in two key territories.
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Leading independent estate agency put up for sale over unpaid tax bill
Sale to rival likely after HMRC issued high-profile Newcastle agency Sanderson Young with a winding up order earlier this year.
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Fast-growing London estate agent launches commercial property arm
Expanding London sales and letting agent LiFE Residential has launched a commercial arm in addition to its recently-introduced tech investment business.
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Farming business established by Strutt & Parker founders being sold by… Savills
Savills is selling a farming business originally established by the founders of rival estate agency Strutt & Parker.
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Improved lettings and commission rates protect Winkworth from declining sales market
Increasing lettings income and higher property sales commission rates have protected Winkworth for the overall struggling housing market.
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Rising revenues at EweMove help TPFG boost profits by 29% this year
While many large estate agency firms are licking their wounds as the property market softens, Martin & Co parent company The Property Franchise Group (TPFG) has today released an extraordinarily upbeat set of figures including profits up by 29% to £2.3 million. This includes increased market share for the company’s hybrid agency EweMove which now has 114 territory franchisee holders, is the 5th largest in its sector and unlike many competitors is trading profitably. Ewemove’s franchisee income increase to £920,000 from £500,000 last year although the hybrid has been struggling to recruit new franchisees so far this year, signing up 12 compared to 18 during the first six months of 2017. Hybrid agency Figures from the hybrid agency also suggest why; experienced estate agents pay £2,000 to join while non-industry applicants are charge £20,000. EweMove has recruited fewer of the former so far this year. At TPFG, all the dials have been rising including both revenue and service fees from its franchisees, operating margin, profits, number of franchisees and lettings book. This includes turnover up by 17% to £5.5 million, franchisee royalties by 15% and the number of rental properties managed by 6% to 53,000. TPFG operates six property brands…
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Humberts signs up to Zoopla four years after quitting to join OTM
Venerable but vulnerable estate agency Humberts has rejoined Zoopla and PrimeLocation four years after quitting prior to the launch of OTM.
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Countrywide lettings chief jumps ship to Nick Dunning Associates
South African Tim Van der Schyff has left Countrywide's premium John D Wood business to head up the lettings portfolio of Nick Dunning Associates.
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