Connells group
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Latest property news
Connells Group’s new Training & Development team
A new Training & Development team has been established at Connells Group, to provide high quality training for the advancement of employees across its estate agency network.
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Movers & Shakers
Connells Group appoints a new HR Director
Graham Jones, is appointed Group Human Resources Director at Connells Group.
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Latest property news
House prices in London continue nosediving as Midlands and North rise
Latest Rightmove House Price Index reveals continued tumult in market as high house price frighten off buyers in London and South, but buyers bid higher elsewhere.
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Latest property news
Connells results: group grabs 6% more market share as it cashes in ZPG shares worth £38.5m
They say the strongest thrive in difficult markets, and Connells 600 branch network claims to be doing just that, helped by a £38.5m windfall from the sale of its ZPG shares. Parent company Connells Group revealed this morning that it increased market share by 6% last year and now claims to have the largest book of properties for sale in the UK, despite being half the size of rival Countrywide. On the back of this, its pre-tax profits for 2017 increased by 42% to £104.2m from £73.4m, its latest results show. The group also says it has bucked the market and while nationally there has been a 14.7% decline in transactions compared to 2016 – according to the latest Land Registry figures – Connells Group experience only minor slippage. Sales instructions were down by 2%, sales by 3% and exchanges by 4%. The company sells approximately 70,000 properties a year and manages 45,000 lettings with 7,000 staff. Its mortgage division helped too, where income increased by 13%, while lettings income increased by 9% but profits shot up by a third. Land and new homes and conveyancing performed strongly too, as did its survey division where profits increased by 5.4%. “Our…
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Latest property news
Peter Alan acquires Roberts & Co’s lettings
Wales’ largest estate agent, Peter Alan, part of Connells Group, has acquired Roberts & Co Property Management Limited.
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Latest property news
Connells Group pre-tax profits rise, helped by £17m ZPG shares sale
Agent giant Connells Group has today reported a strong performance for 2016 including pre-tax profits of £73.4 million, an increase of 17.4% on the year before. This includes £17 million gained from selling some of its shares in ZPG Plc last year. Until then Connells Group had been one of ZPG’s top ten major shareholders with 16.73 million shares held, a million less than Countrywide – the two were part of a trio of agents including LSL to sign strategic partnerships with what was then just Zoopla in 2010. But Connells Group is doing well even with the ZPG windfall taken out. The group, which includes Connells and William H Brown, Barnard Marcus and Peter Alan, says it sold 8% more properties last year, 5% more new homes, generated 44% more income from its land division and 19% more cash via its new homes team. Other indicators twitching wildly include those at its mortgage arranging business where income rose 18% based on a lending total of £8.2 billion and 10% more mortgages arranged. There were also rises in income for its conveyancing and survey and valuation businesses. “All parts of the business delivered a strong performance and, considered alongside the…
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Movers & Shakers
Connells’ senior appointments
Connells Group has announced three significant promotions to its estate agency senior management team.
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Latest property news
Outstanding performance by Connells
In a difficult year for many, Connells announce a half-year profits rise of 15 per cent to £1.3m.
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