chancellors
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Latest property news
Chancellors: How it avoided ‘damaging cuts’ during COVID lockdown
MD of multi-branch independent agency in London and Home Counties reveals how it has survived the pandemic.
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Latest property news
Times research suggests links between high estate agent fees and over-valuations.
Newspaper's researchers looked at 200,000 recent sales transactions and concluded many leading agents with high fees over-value homes.
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Latest property news
OnTheMarket has been signing up 16 new agents a day since flotation
OnThemarket’s strategy to sign up more agents on the back of its recent AIM listing appear to be working. The formerly mutual portal has signed up 243 additional sales and letting agents to its service, up from the 81 revealed just after its shares were listed on AIM ten days ago. The portal also says independent agency group Chancellors has begun listing its properties on the portal. In November Chancellors agreed to sign a five-year listing deal, but only if OnTheMarket successfully achieved an AIM flotation. This means Chancellors’ 53 sales and lettings branches, which range across Berkshire, Buckinghamshire, Herefordshire London, Oxfordshire, Powys and Surrey are now listing their properties on both OnTheMarket, Zoopla and Rightmove. The portal says Chancellors’ listing is evidence that agent support for the portal, which is now valued at £101.4 million following the AIM launch, is growing. Chancellors has agreed to more than just a listing with OnTheMarket, though. The company has agreed to actively promote the OnTheMarket.com portal brand with digital and branch-based marketing activity. Chancellors Group Chancellors, which used to be known as Hogg Robinson Property Services, in 2016 generated profits of £2.5 million on a turnover of £26.6 million, its latest accounts…
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Agent group Chancellors signs with OTM, but on condition IPO goes ahead
One of the UK’s leading agent groups, South of England, London and Wales based Chancellors has signed up its 50 branches and three brands to five years with OnTheMarket.com. But in an unusual move, Bracknell-based Chancellors has made its listing agreement with the portal conditional upon OnTheMarket successfully floating on the stock market. Assuming that goes ahead, Chancellors Group has agreed to advertise all of its UK residential sales and lettings properties at OnTheMarket.com and promote it via its branch and digital advertising activities. The agreement is a change of mind for Chancellors, which two years ago published a blog outlining how it did not back OnTheMarket and questioning the need for a ‘third portal’. The blog by Robert Scott-Lee, Group Managing Director at Chancellors (pictured), said in his blog: “How successful OnTheMarket.com will be in the long term remains to be seen, but it’s all down to the volume of traffic it is able to achieve. “If it does perform well, I hope to one day sign on the dotted line with them, but we will act in the best interests of our clients, and for now, we feel that is not with OnTheMarket.com.” OnTheMarket claims today’s agreement, which…
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