Countrywide
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Housing Market
Rents rising as landlords exit the market and stock contracts, says latest report
Government's attempt to make investing in the private rental market more expensive and bound by red tape are having the predicted effect.
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Latest property news
Too many negotiators ‘hide behind emails’
A senior and experienced estate agent has backed the traditional estate agency model, claiming that the high street is not doomed, technology is only useful when it frees up negotiators to spend more times with clients, and that newspaper advertising remains a useful marketing tool. Gavin Human (pictured, above) has joined Cambrdige firm Hockeys as an associate partner after a career at several high-profile agency names including Connells, Fine & Country and, most recently, at Countrywide brand Tucker Gardner. Human joins 130-year-old Hockeys at its new branch on Mill Road in Cambridge. “I truly and honestly believe that by using traditional estate agency methods mixed with modern technology and implemented by a fantastic hard working team, Hockeys will prove that not all estate agents are the same,” he says. Technology “I don’t believe a modern estate agent needs to be in an office all day, particularly with the technology that we’ve got,” he says. “However, I still think that it’s really important to support the local high street, and to be actively involved in the local community, being the local property expert on your door step.” Human also says that despite all the tech available to estate agents, nothing beats…
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Latest property news
Purplebricks share price leap triggers takeover rumours
Purplebricks shares carried on rising in value over the Christmas period after the initial boost given to the company’s stock by the Conservative win during the General Election. The 20% increase in its share price from £1.05p on 12th December to £1.26p a share at the start of trading today is, industry consultant Andrew Stanton says, a sign that a takeover may be in the offing. The most likely buyer would be existing major shareholder and German media giant Axel Springer, which may be planning to offer other shareholders a premium price for their stock and take the estate agency back into private ownership. But Purplebricks is not the only property industry PLC to see its stock carry on rising in value after the General Election. Shares in Savills, Countrywide, Rightmove and Foxtons have also been rising alongside Purplebricks as the City shares feeding frenzy has continued following the election. Savills’ shares have increased by 20% since the election, Rightmove’s by 10% and Foxtons by nearly 30%. But Purplebricks improved stock price is happy ending to a miserable year. The company’s shares have been tumbling over the past 12 months, kicking off 2019 at £1.81 before tumbling to 90p in…
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Latest property news
Countrywide shareholders give Lambert Smith Hampton sale green light
Sale of the company's commercial property arms will now go ahead, raking in £38 million to help reduce its debt.
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Latest property news
Buy, Buy Buy! Property shares jump after Conservative landslide
Stock in Purplebricks, Countrywide and Belvoir jump in vaue as City traders bet on higher profits and turnover within property industry.
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Latest property news
Did Countrywide forget about the Christmas post rush?
Shareholders are given more time to get their postal proxy voting forms as company asks for green light to sell agency.
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Latest property news
Countrywide shares jump by 14% following Lambert Smith Hampton sale announcement
Company says its soon-to-be former commercial arm is consuming too much management time as it tries to turnaround its core residential business.
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Latest property news
John Hards completes Countrywide’s transition to a ‘post tenant fee ban world’
One of the letting industry’s key figures and former Countrywide National Lettings Director leaves the company after rejoining in March 2018.
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Latest property news
‘Countrywide thinks it’s too big to fail’ claims industry analyst
Andrew Stanton claims witness statement made by Countrywide COO Paul Creffield reveals 'alarming' attitudes within the company.
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Latest property news
RICS fines Countrywide after it admits breaking rules on client money protection
Decision follows a hearing during which it was revealed that the agency had improperly transferred £10 million of client funds over a ten-year period.
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