Archive

The chief executive of one of Britain’s largest franchise agency chains is warning that rents may no longer be able to...

Lettings giant Foxtons has hired merger and acquisition bankers from Rothschild following pressure from shareholders to sell itself for £160m, the...

Corporate student accommodation provider Unite Group has reported a big jump in earnings on the back of a shortage of lets...

The merger of two of the largest names in the lettings industry has passed its final hurdle. Belvoir shareholders have now backed...

The UK government has taken an equity stake in the rental investment platform Shojin through the conversion of a pandemic-era loan...

The Property Franchise Group, the UK's largest property franchise brand, wants to merge with long-time rival Belvoir. Both are listed on the...

Foxtons claims it’s reached new heights under its latest management team. The agency has been described as the is fastest growing UK...

Dealing in OnTheMarket shares will cease at 7.30am on December 12 following yesterday evening’s announcement that the CoStar takeover had won...

The shareholders of OnTheMarket have reached their decision on the portal's controversial takeover by CoStar.  A statement released this afternoon says: "The...

Long-standing activist investor Brett Stone has made a last-ditch bid to scupper a proposed takeover of OnTheMarket by US firm CoStar. CoStar...

With less than a week to go before the Court Meeting and the General Meeting which will decide the fate of...

The prominent independent advisor ISS - Institutional Shareholder Services - has publicly backed the OnTheMarket board and is recommending shareholders vote ‘for’...

The board of Foxtons is under pressure from a minority of shareholders to put the agency group up for sale, according...

Not for the first time this year, a trading update from London-focussed agency Foxtons has shown that lettings is leading the...

The head of one of the country’s highest profile franchise agency empires says the self-employed ethos of some advisers and entrepreneurial...

Increased lettings income proved a valuable balance to a declining sales market for The Property Franchise Group in the first half...

A strong lettings division has allowed Foxtons to record strong growth in its latest trading statement, despite the challenging sales market. The...

The directors of Winkworth are warning shareholders of a challenging period thanks to higher and faster-raising interest rates - with only...

OnTheMarket says the frantic lettings market of the past year or more is bad news for agents. In a trading statement to...

One of the biggest lenders in the rental space - Paragon Bank - recorded a 19 per cent increase in buy...

Five franchisees who purchased an investment platform say they want to double the size of the business by 2028. Established in 2007,...

LSL’s transition from being a largely owned agency network to individual franchises is effectively complete. The company - which owns the Your...

Although Purplebricks’s Scottish lettings book was sold in a deal over the Bank Holiday weekend, there remains uncertainty over the rest...

A trading statement from Belvoir reveals that the franchise giant is on the look out for “good quality complimentary acquisitions”. A strong...

Purplebricks has given its most pessimistic trading update yet, admitting its effects to find a buyer are tanking and its financial...

London-focussed agency Foxtons has reported a huge leap in revenue from its lettings division. Lettings revenue was up 27 per cent in...

Winkworth has told its shareholders that the weak figures posted for 2022 are actually in line with management expectations. The franchise giant...

Foxtons’ latest trading statement suggests that it’s heavily reliant on lettings revenue as the sales market stutters and the whole company...

Foxtons has this morning confirmed that it’s acquired a rival London lettings agency. It has snapped up Atkinson McLeod for £7.4m: Foxtons...

Rightmove says it’s helping to digitise the rental processes, making the process less fragmented and frustrating for agents.  In its trading statement...

The chief executive of Purplebricks, who eight weeks ago claimed to have “a plan to grow our lettings business”, is now...

Belvoir Group is continuing its long term success record but warns that the Liz Truss mini-Budget is still having a detrimental...

Two big-hitter agencies are slugging it out for lettings dominance in London, with both making announcements in a bid to cement...

A statement to shareholders by the Savills lettings and estate agency admits that it under-estimated how strong the high end prime...

There will be up to six new branches opened this year for the franchise brand Winkworth. The agency made its announcement in...

Purplebricks is set to cut 10 per cent of its staff within hours according to The Times. The company is reportedly laying...

The chief executive of Purplebricks - chastened after a major split amongst the firm’s shareholders - claims there is a “big...

Purplebricks chairman Paul Pindar has survived a challenge from a rebel investor - but shareholders appear split.  A company general meeting -...

Purplebricks has detailed the price it is paying for a lettings compliance blunder first spotted last year. It predicts that, at worst,...

Lettings income for LSL Property Services increased two per cent in the past year - at just the time the company...

Purplebricks’ board has announced that a general meeting of shareholders will be held on December 19 - and it involves a...

Leaders Romans Group is offering its landlord clients a new investment service. ‘Smart Investment’, powered by GetGround, is described as a fully...

Rebel shareholders at Purplebricks want the current chairman to be replaced by industry veteran Harry Hill. Lecram Holdings Limited - which has...

Activist shareholders and agency industry analysts alike appear mystified at the latest high-flyer to depart suddenly from Purplebricks Yesterday the troubled agency...

Famous London agency Foxtons has enjoyed a shares boost on the back of a 25 per cent spike in revenue in...

More ‘old’ new faces have been drafted in to Purplebricks in a bid to improve its compliance and market performance. Last month...

The Property Franchise Group - which includes a host of High Street brands - saw a rise in managed properties of...

Grainger, the UK’s largest landlord and a huge player in the Build To Rent sector, says it’s going to implement only...

Winkworth’s latest figures to shareholders show that sales revenues have slumped badly - but lettings have boomed for the moment at...

Foxtons has issued a welcome statement to its new chief executive as it seeks to return to past glories. Guy Gittins -...

A high profile PropTech entrepreneur is amongst a series of investors linked to a new fund, launched today, cashing in on...

Purplebricks has set a date for a possible showdown with shareholders over the agency’s lettings compliance crisis amongst other controverisies.  It has...

The Property Franchise Group says it’s increased the size of its lettings portfolio by around 1,000 units over the past year...

Purplebricks has given its interpretation of how much its lettings sector compliance crisis has cost the company. Back in December the Daily...

The rise and rise of Rightmove continues apace. Figures for the first half of 2022 released at the start of the weekend...

Foxtons has revealed that it has a pipeline of what it calls “lettings portfolio targets” - lettings books which it wants...

Troubled online agency Purplebricks says it’s going to finally release its full year figures in the first week of August -...

Foxtons has this morning announced the acquisition of two smaller agencies to expand its lettings portfolio. It has bought Gordon & Co...

Grainger plc, the UK's largest listed residential landlord and a growing player in the Build To Rent sector, has delivered an...

Speculation is growing that a high profile former leader of the Association of Residential Letting Agents may become the next chief...

Foxtons has reported to its shareholders that its lettings revenue in the first quarter of this year was a stunning 21...

Winkworth has told its shareholders that the rental market is to boom - a lot. “In lettings we anticipate that prices will...

The Property Franchise Group says that in the past year the number of managed properties it handles has risen from 58,000...

OnTheMarket’s deal with a PropTech firm to provide free tenant referencing has been extended indefinitely for agents who pay the portal...

Rightmove says added functionality for its tenant referencing portal is now being tested and will be rolled out later this year. In...

Lettings franchisees under the Belvoir banner delivered the group an additional 10 per cent management service fees last year according to...

The integration of the lettings division of London agency Douglas & Gordon into the lettings wing of Foxtons will happen next...

Deposit alternative service Zero Deposit has received another £1.8m investment- just as it launches its own insurance service. The fundraise provides capital...

A generally upbeat trading statement from franchise agency giant Winkworth reports that prime London’s rental market’s long term return to normality...

Purplebricks says a newspaper story suggesting it will sell off its rental business is not true. A company statement this morning, issued...

Belvoir Group has given yet another upbeat trading report to shareholders. It says in the 10 months to the end of October...

One of the country’s largest commercial and retail landlords - Capital & Regional - is to expand is current programme of...

Lettings income has played a major part in the upswing in income for the Belvoir Group, reported to shareholders in its...

One of the country’s largest lettings operations has outlined the challenges it faced during the Coronavirus crisis. LSL Property Services’ latest trading statement...

Franchise giants Belvoir has revealed strong figures in a trading statement to shareholders - but it’s warning that 2021 remains shrouded...

Consolidation within the industry continues apace with the Belvoir Group acquiring the Nicholas Humphreys Franchise Limited in a move announced over...

Two franchise giants - Hunters and The Property Franchise Group - say their combined lettings book underpins their recent deal. In a...

Britain’s largest supplier of purpose-built student accommodation, Unite, says students are bored with Zoom and will return en masse to their rental...

Foxtons has made no bones about how it sees future growth - it wants to acquire lettings books from other agencies. “There...

Foxtons says the reason behind its purchase of rival London agency Douglas & Gordon was to get its lettings book. The deal, for...

LSL Property Services has secured new banking arrangements with a £90m revolving credit facility in anticipation of what it calls “attractive...

The takeover of Hunters by The Property Franchise Group means the combined operations will manage over 70,000 tenanted properties across the...

Franchise giant Belvoir has issued a statement to shareholders emphasising the success of its financial services wing. The Belvoir Group established its...

Build To Rent giant Grainger has purchased the rights to a 231-home development in Bristol for around £63m. In a statement to...

A warning has been issued by one of the most acquisitive letting agencies that future mergers and takeovers could be hit...

An extremely upbeat trading statement from Stock Market-quoted agency Belvoir suggests business has been ahead of even its pre-Coronavirus expectations in...

Foxtons has acquired a London lettings agency and along with it a lettings book comprising 689 tenancies. The deal is worth £2.2m. In...

PropTech platform MakeUrMove, which launched back in 2008 as the first online lettings agency, has secured a £1.3m funding package from...

Foxtons has posted what many consider to be disappointing lettings figures for the third quarter of the year. The company’s lettings-related revenue...

Deposit alternative service Zero Deposit has revealed significant new investment as its founder - ex-Zoopla commercial director Jon Notley - takes a...

The UK-based flat-sharing platform SpareRoom has acquired one of its rivals Roomgo - better known by its previous name of Easyroommate.  The...

There’s a warning that buy to let investors will simply hold on to properties and not sell them if rumoured Capital...

Hunters has reported a small increase in pre-tax profit in it full-year results despite the impact of the ban on tenant...

The UK’s largest property franchise group says the current Coronavirus crisis shows precisely how robust its franchise business model is. In a...

Grainger, one of the biggest forces in the UK’s Build To Rent sector, says it has proved the resilience of the...

Franchise giant Belvoir says it’s helping its franchisees “reshaping their businesses” to cope with the Coronavirus crisis. In a trading statement showing...

An ambitious Kent agency and management company has secured a £3.8m loan to underwrite a management buyout and an acquisition programme. Miles...

Grainger, one of the biggest names in Build To Rent in the UK, says its current BTR pipeline stands at 24...

The Property Franchise Group, which has a string of major agency brands, has reported a strong performance in 2019 despite the...

More details have emerged of the long-term scheme to site Build To Rent homes at Transport for London tube stations and...