property industry
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Latest property news
‘Come on boys, less of the dodgy banter’, says leading industry figure
Nicola Broomham says estate agency is a much better place for women to work within than a decade ago, but still some way to go.
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Latest property news
Industry must face up to the gender gap, says leading estate agent
The good intentions around International Women's Day will mean nothing if agency leaders limit their definition of success to 'willy waving' sales metrics.
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Columns
Protect the housing market, protect the economy
The property industry is at a critical moment in the pandemic, says Adam Walker – the wrong government policy could spell disaster.
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Features
Friends, Romans, Leaders…
Peter Kavanagh heads up the 160-branch Leaders Romans Group, the pinnacle of a 33-year career. Nigel Lewis asked him how it’s navigating a fast-changing property industry.
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Latest property news
Covid is an opportunity to change our ‘shiny suit’ reputation, says Leaders Romans
HR chief says now is the time to tell the public about what estate agents do and that working in the sector is more than a job.
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Latest property news
Worried by ROPA? Don’t panic – more regulation is good for professionals
Industry leaders support an initiative to create a stronger property industry that will exclude rogue operators.
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Latest property news
‘Next Usain Bolt’ Reece Prescod says his Plan B career is to be an estate agent
Promising young athlete and 100m sprinter Reece Prescod was preparing to join the property industry before hitting the big time.
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Latest property news
Who are the best paid CEOs in property?
In April this year it was revealed that Foxtons CEO Nic Budden had been awarded a 19% pay rise which is likely to boost his salary to £2.3 million for 2016, up from his 2015 salary of £856,000, making him one of the best paid CEOs in property. He is one of an elite group of business leaders in our industry who earn six and seven figure total pay packages and lead companies with thousands of employees from multi-agency group to the big portals. But except for Alison Platt of Countrywide and Alex Chesterman of Zoopla, this high-flying club of top executives is a largely anonymous and invisible bunch who rarely venture out into the public eye, and whose performances are rarely examined or discussed despite being responsible for the livelihoods of many thousands of property professionals. So how do they measure up – are their public limited companies doing well? 1. CEO: Mark Allan (until June), £2.4m Company: Unite Sector: Student accommodation Revenue: +10% Share price: -12% Profit: +260% 2. CEO: Nick McKittrick, £2.3m Company: Rightmove Sector: Portals Revenue: +25% Share price: +83% Underlying profit: +16% 3. CEO: Jeremy Helsby, £2.29m Company: Savills Sector: Sales and lettings…
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Housing Market
Property industry welcomes new Tory Government
The Conservative victory in the General Election has been welcomed by the housing industry. It should provide welcome stability to the residential property market. Glynis Frew (left), Managing Director of Hunters Property Group, said, “We welcome a Conservative victory as this will bring some much needed stability to the property market, and from stability comes growth. We look forward to seeing the extension of Right to Buy to 1.3 million housing association homes in England, and more importantly, the introduction of 200,000 starter homes by 2020. We anticipate this will have a massive impact on the market. What’s more, the Government’s Stamp Duty reforms announced in December last year have already had a positive effect on the housing market, so we are pleased this will stay in place.” Lucy Morton, Director and Head of agency at Prime Central London estate agency, W.A.Ellis, said that her firm noticed an immediate change in sentiment from both vendors and purchasers after the election result, following months of uncertainty and the threat of Labour housing policies, including the planned introduction of a mansion tax. “A Conservative victory is a good result for the housing market, particularly in London,” she said. “As we opened for…
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