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TODAY'S OTHER NEWS

Countrywide brand marks “ethical and sustainable” lettings growth  

Countrywide’s high-end Hamptons International brand says it’s growing its lettings business “ethically and sustainably, regardless of market conditions.”

It has ended the third quarter of 2019 with what it describes as record year to date results following a best-ever three month period from July to September. 

It has now seen nine consecutive months of year-on-year growth throughout 2019. 

This latest quarter revenues were up 2.8 per cent on the same period of 2018, and a 1.5 per cent increase in total tenancies was boosted by a 5.7 per cent annual upturn in the number of tenancy renewals.  

Meanwhile Hamptons Build To Rent team has continued to grow; it doubled its year on year turnover at the end of the third quarter courtesy of a pipeline of London-based BTR schemes.

Catherine Westerling, Head of Lettings says: “We have seen growth in our portfolio of fully managed properties this year, increases to our regional and total market share and an uplift in rents where demand continues to substantially outstrip supply.”

“Our staff have diligently and informatively supported clients through the immediate aftermath of the Tenant Fees Act, and have been rewarded and delighted in equal measure by the number of new customers who have been attracted to Hamptons in light of our decision not to increase commission fees to landlords.

“Our YTD results demonstrate Hamptons’ commitment to growing a strong and progressive lettings business ethically and sustainably, regardless of market conditions, and we are excited to be heading towards a 10th month of year on year growth in October.”

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