Your Move
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Latest property news
BREAKING: LSL reveals ongoing pain of its branch closure programme
Ten months after it reduced its branch count by over 120 offices, the company is still taking a considerable hit to its revenues.
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Latest property news
Wrap up warm! 100 industry figures prepare to sleep rough tonight for CentrePoint
The Negotiator will be joining the brave property souls wrapping up warm to sleep in London's Queen Elizabeth Olympic Park to raise funds the homeless charity.
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Latest property news
Cheeky chalkboard outside Leaders branch attracts criticism
Estate agency is criticised by competing agents after sign is spotted by a passing proptech CEO and uploaded to LinkedIn.
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Latest property news
Your move and Reeds Rains branch cull helps triple estate agency profits at parent company
Reduction from 308 to 144 owned Your Move and Reeds Rains branches helps boost profits across LSL's overall agency network.
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Latest property news
Countrywide appoints HR specialist to its main board as branch closures rumoured
Lisa Charles-Jones has experience at several property companies including LSL's Your Move and Reeds Rains estate agency brands.
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Latest property news
LSL’s branch bloodbath drives down revenues by 9.3% during first quarter
LSL has revealed that the cull of more than half of its network of Your Move and Reeds Rains branches earlier this year helped drive down revenue at the two businesses by over 9%. The company says this is ‘slightly better’ than it had expected following the reduction of directly-owned branches from 308 to 144. LSL’s announcement is made within its results for the first quarter of the year and, despite claiming that its branch reduction is going better than expected, overall revenue at LSL’s estate agency business reduced by 8.5% to £39.2 million. The drop in both sales and lettings revenue at Your Move and Reeds Rains has been blamed on both ‘soft market conditions’ and the reduction of its branch network. Other highlights from its most recent trading update include a 10% reduction in revenues at its upmarket London agency Marsh & Parsons. Strong performances Despite lower income from its estate agency businesses, the company’s overall performance held steady. Group revenue increased by 5.7% helped by strong performances at its surveying and financial services companies. Surveying did particularly well where revenues jumped by 40% during the first quarter of the year. “We continue to remain cautious on the…
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Latest property news
LSL writes down its investment in Yopa by 60% as profits nosedive
Group now says the value of its shareholding in the hybrid agency is worth £7.4 million as it also announces profits down by 24% during 2018.
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Two former LSL executives snap up 39 Your Move and Reeds Rains branches
David Newnes and Nigel Favas have set up a new company to operate the offices as franchisees.
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Latest property news
Latest Your Move and Reeds Rains branch closures are in North East, reveals LSL
Company says that although half a dozen branches are closing, 11 enlarged 'keystone' branches are to be established.
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Latest property news
Your Move and Reeds Rains staff face redundancy as LSL plans 43 branch closures
Parent company blames UK and geo-political uncertainty on its restructure which will include closing, franchising off or merging over 120 branches.
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