Marsh & Parsons

  • Latest property news
    Latest property news

    Fast-growing luxury buying agent hires former Marsh & Parsons sales star

    Fast-growing luxury property buying agent Black Brick has poached one of London’s fast-rising agent stars, Alex Oliver (pictured, right). Harrow-educated Alex has joined Black Brick after four years working in the capital including initially two years and four months at Foxtons in Brook Green as a sales negotiator, and then a year and eight months at Marsh Parsons in Notting Hill. At M&P he was a senior sales negotiator and also one of the company’s top performing sales people. During his career to date Alex says he has sold property worth £50 million in “some of the toughest property markets”. “We are delighted to welcome Alex to the team,” says Camilla Dell, Managing Partner at Black Brick who, like Alex, is a former Foxtons employee (pictured, left). “As a boutique company, we work on a one to one, bespoke basis with our clients and Alex’s knowledge, expertise and personal approach is the perfect fit for our company ethos.” The company says its success is down to current market conditions and increased demand from buyers seeking impartial advice from the buying agency. The growing team now consists of nine staff, with plans for further expansion in the coming months. Times interview…

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  • Latest property newsLSL hq london
    Latest property news

    Profits jump by 61% at LSL Property Services

    Profits at corporate giant LSL Property Services jumped by 61% during the first six months of the year to £14.3m from £8.9M, the company has reported. Unlike many of its PLC rivals including Countrywide and Foxtons, the company maintained turnover at last year’s levels bringing in £151.5m, helped by its lettings business, which increased turnover by 4%. This was boosted by its London prime agency brand Marsh & Parsons which grew its lettings revenue by 8%, although this was offset to by a drop in sales of 4%. But although sales revenues were flat overall, profits within its sales division increased by 37% helped largely by lower marketing costs at Your Move and the sale of a Marsh & Parsons-owned property. The struggling property sales landscape was offset by LSL’s financial services division which grew by 16%, helped by the acquisition of mortgage firm Group First last year. The detail of the report also reveal the changing shape of the estate agency business as the sales market slows down across the UK. LSL’s sales performance is better than most give the uncertainty over Brexit, but LSL is now as much a mortgage broker as it is a sales or letting…

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  • Latest property news
    Latest property news

    “Sexist” Marsh & Parsons ad to be withdrawn after complaints to ASA, and Twitter backlash

    What was supposed to be 'tongue in cheek' ad goes awry for LSL-owned London agent.

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  • Movers & ShakersPeter Rollings image
    Movers & Shakers

    Marsh & Parsons CEO steps down

    After 11 successful years as CEO of Marsh & Parsons, Peter Rollings has stepped down. Peter will act as a Marsh & Parsons brand ambassador for two years.

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  • Housing Marketproperty transaction increase image
    Housing Market

    Property transactions increase 9.7 per cent

    The number of UK residential property transactions rose by 9.7 per cent year-on-year in January, fresh figures from HMRC shows. Last month there were 105,940 residential property transactions, which although on a seasonally adjusted basis dropped 2.8 per cent month-on-month, was notably higher than the same month last year, a sign that while there remains much uncertainty due to existing global economic conditions, the market is now in a much healthier position than in January 2015. “Strong market conditions prompted a solid annual increase in the number of residential transactions this January, despite the typical monthly fall from December as activity from buyers and sellers tapered off after the end of the year,” said Brian Murphy at MAB. Andy Sommerville (left), Director of Search Acumen, like many housing commentators, expects to see transactions rise further before April, as the market braces itself for a “buy-to-let surge” ahead of changes to stamp duty. “The full picture of the Government’s intervention into buy to let is likely to reveal itself at the end of the first quarter,” he said. “While lack of affordability and housing supply remain a key issue, this month-on-month dip should be seen in the wider context of uncertainty…

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  • Movers & ShakersDavid Duke image

    David Duke joins Marsh & Parsons’ RDI Team

    Marsh & Parsons has expanded its Residential Development & Investment (RDI) department with the appointment of David Duke as Director of Residential Investment. David joins Marsh & Parsons from Strutt & Parker, having previously also worked at Savills. He has ten years of experience and will work alongside head of Residential Development and Investment, Charles Holland in this newly created role. Charles said, “David is a fantastic addition to our growing RDI business as it seeks to capitalise on the considerable momentum we have established in the two years since the department’s inception. “In a relatively short period of time, we have built up a significant New Homes pipeline and David’s network and expertise in transacting volume sales domestically and internationally will make a significant contribution to delivering that programme.” David said, “I am thrilled to be coming on board at such an exciting time in the department’s evolution and look forward to building a high profile and successful investment team.”

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  • Housing Marketproperty transaction image
    Housing Market

    Residential property transactions hit 18-month high

    The volume of residential property transactions reached an 18 month high last month, the latest figures from HM Revenue and Customs has revealed, with 104,590 transactions recorded in June, up 3.2 per cent compared to the corresponding month in 2014. HMRC’s seasonally adjusted estimate shows that the number of home transactions rose by 4.7 per cent between May and June to 104,590, which was the highest number of UK residential transactions since February 2014 when 109,080 took place.There were also 10,460 non-residential transactions. Reflecting on the fact that the level of transactions reached an 18-month high last month, Andy Sommerville (left), Director of Search Acumen, said that the data suggested that the housing market is “bouncing back” after a shaky start to the year. He commented, “Having announced extra measures this month to improve the planning process and increase housing supply in the long term, the government will be relieved to see signs of renewed life in the property market so soon after the election.” Sommerville believes that positive indicators “such as a 3.2 per cent annual rise in wages” should help to build momentum in the second half of the year. “There is a renewed sense of optimism in…

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