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KEYWORD "Revenues" - 85 RESULTS
Capital Gains Tax revenue up as buy to let investors quit

New figures published by HMRC show a 7% rise in Capital Gains Tax liabilities on the sale of residential property in...

05 August 2024

From: Breaking News

Longer tenancies dent lettings income for Foxtons - but it still looks strong

Foxtons latest trading update shows growing reliance on lettings income. However it says the performance - which saw double digit growth in...

31 July 2024

From: Breaking News

Revolution! Agents could represent buyers AND sellers

A prominent industry trainer is working with a fledgling sales agency to launch what it calls a “buyer representation programme” -...

24 July 2024

From: Breaking News

RICS urges Labour to move fast on housing pledges

The Royal Institution of Chartered Surveyors has congratulated Labour on forming the next government but says it must move quickly to...

08 July 2024

From: Breaking News

Airbnb and Short Let Boom may be over says agency chief

A lettings agency director is suggesting the short lets boom may be over. Marc von Grundherr, director of Benham and Reeves, says...

19 June 2024

From: Breaking News

Agency hails “transformational” merger with lettings giant

The Property Franchise Group, which calls itself the UK’s largest multi-brand property franchisor, says its merging with lettings giant Belvoir has...

10 June 2024

From: Breaking News

The Property Franchise Group new deal worth £5m more than early reports

More details have emerged of the deal - reported on Letting Agent Today and Sky News on Sunday - for Property...

04 June 2024

From: Breaking News

Rent Ceilings Have Been Reached - agency's stark warning

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

18 April 2024

From: Breaking News

Business Boosting Benefits promised at latest Agent Rainmaker event

An industry online event which organisers claim bring business-boosting benefits to attendees, is back for another year. The ARX Mastery Challenge is...

28 March 2024

From: Breaking News

Investor and landlord purchases rise, despite soaring taxes

The largest lettings agency in Scotland says purchases by landlords and other investor buyers in that country have risen sharply despite...

20 March 2024

From: Breaking News

Stamp Duty slump is a pre-Budget blow for Chancellor

Stamp duty receipts dipped four per cent to £2.4 billion in Q3 of last year - no less than 25 per...

01 February 2024

From: Breaking News

Foxtons heavily reliant on lettings to stay in the black

Foxtons’ unaudited end-of-year trading statement makes no bones about it - the lettings division saved the agency’s bacon in 2023. It suffered...

26 January 2024

From: Breaking News

Shock figure reveals tax burden paid by private rental sector

Property taxes in Scotland exceeded £600m over the last year according to analysis of the latest statistics by the country’s largest...

17 January 2024

From: Breaking News

Rental growth to decline this year warns muted Winkworth

Winkworth’s first trading statement of 2024 reveals that it saw a five per cent rise in rental revenues in 2023 -...

11 January 2024

From: Breaking News

Self-employed agency marks major expansion into rentals

Self employed agency brand Harding Green, which majors on London and prime country markets, says it’s grown significantly in the lettings...

09 January 2024

From: Breaking News

Politicians told - You’re wrong on additional homes tax surcharge

Propertymark has told politicians that an additional homes tax will not succeed in increasing housing supply. Timothy Douglas, head of policy and...

23 November 2023

From: Breaking News

Foxtons figures fly for lettings, falter for sales

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

30 October 2023

From: Breaking News

Agency switches from residential despite strong lettings showing

Latest market data from LSL Property Services - which includes the Your Move and Reeds Rain brands - shows a 10...

28 September 2023

From: Breaking News

Agency group bucks the market thanks to turbocharged lettings

The Property Franchise Group has reported a bumper half year of trading with revenue at £13.2m and pre-tax profits up 11...

13 September 2023

From: Breaking News

Ross Nichols, Co-Founder at Just Move In

Who are you and what does it say on your business card? Ross Nichols, and it says i’m Co-Founder at Just Move...

16 August 2023

From: 60 Second Interview

Lettings division proves its worth in agency's big turnaround

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

28 July 2023

From: Breaking News

Lettings the only bright spot as agency chain issues profits warning

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

13 July 2023

From: Breaking News

Council chief slams holiday lets 'tax subsidy' scheme

A Liberal Democrat council leader says all properties - even those in properly established lettings businesses - should be charged council...

15 June 2023

From: Breaking News

OnTheMarket Software adds e-signatures to lets platform

PropTech provider OnTheMarket Software has integrated a digital e-signature service, Finch, into its TecLet platform.  The integration within TecLet claims to save...

25 April 2023

From: Breaking News

Winkworth posts weak results despite robust lettings market

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

20 April 2023

From: Breaking News

Funding exists for agency takeovers despite soaring rates - claim

A consultancy that handles lettings agency acquisition says funding options exist for companies wishing to buy others, despite rising interest rates. Lucy...

14 April 2023

From: Breaking News

Agency uncovers big fall in property taxes

Revenue from property taxes in Scotland has dropped significantly so far this year, according to a prominent lettings agency.  DJ Alexander Ltd...

12 April 2023

From: Breaking News

Foxtons spends millions on acquiring rival lettings agency

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

06 March 2023

From: Breaking News

Disastrous Truss Budget still hurting market says leading lettings agency

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

01 February 2023

From: Breaking News

Rival big-hitter agencies slug it out for lettings dominance

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

27 January 2023

From: Breaking News

Agent claims high tax may make part of the UK ‘too expensive’

The tax on property purchased in one part of the UK has reached a new record figure - and a top...

07 December 2022

From: Breaking News

Protests outside letting agency offices planned this weekend

Activists say they are planning protests outside lettings agency offices this weekend. Activists in the London Renters Union and Greater Manchester Tenants...

01 December 2022

From: Breaking News

Lettings key to financial success of London franchise giant

A short trading statement from Stock Market-listed London agency chain Winkworth shows just how vital the lettings sector is to its...

23 November 2022

From: Breaking News

PropTech pair offer agents route to boost commission

Lettings platform Vouch and cloud-based software service Alto are teaming up for a webinar. The aim is to offer agents a route...

18 October 2022

From: Breaking News

Thousand extra properties under management for franchise giant

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

14 September 2022

From: Breaking News

Franchise veteran issues warning on future of lettings market

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

08 September 2022

From: Breaking News

Purplebricks sets date for possible lettings crisis showdown

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

16 August 2022

From: Breaking News

Purplebricks reveals cost of lettings error and slams poor marketing

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

02 August 2022

From: Breaking News

Foxtons selects new portal for advertising lettings properties

Foxtons is to advertise all of its lettings properties on OnTheMarket with immediate effect. The agency say it already “facilitates” 10 per...

19 July 2022

From: Breaking News

Propertymark deal to help PropTech firm expand agent links

Propertymark has entered into a deal with a PropTech firm to help it grow in Scotland. The partnership will see Homesearch collaborate...

13 July 2022

From: Breaking News

OnTheMarket success includes lettings innovations - claim

OnTheMarket says its innovations with partnerships in the lettings sector have played a part in its successful growth. In the 12 months...

15 June 2022

From: Breaking News

Foxtons buys two more agencies to expand lettings portfolio

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

26 May 2022

From: Breaking News

Agency boss condemns political party for “punitive” attack on rental sector

One of the UK’s largest lettings groups has made an outspoken attack on the policies of a political party standing in...

27 April 2022

From: Breaking News

Why Foxtons lettings performance is not what it seems

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

22 April 2022

From: Breaking News

Tax on homes to let is ‘hard to implement, not cost effective’

Tax experts say that an attempt to levy higher purchase tax on holiday lets and second homes in one part of...

11 April 2022

From: Breaking News

Rightmove pledge to upgrade tenant referencing for agents

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

28 February 2022

From: Breaking News

Expansion for “largest end-to-end rental marketplace”

A service which describes itself as Europe’s “largest end-to-end rental accommodation marketplace” has announced a new acquisition. Housing Anywhere has acquired a...

16 February 2022

From: Breaking News

London letting agencies to integrate formally in February

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

28 January 2022

From: Breaking News

Private equity firm snaps up huge lettings agency network

Bowmark Capital is selling its Leaders Romans Group, one of the UK’s largest property services groups, to another private equity operator, Platinum...

25 January 2022

From: Breaking News

Returning EU citizens will boost lettings market - agency chief’s view

EU citizens with settled status in the UK, but who have stayed in their native countries during the pandemic, are likely...

17 January 2022

From: Breaking News

Ex-Reapit guru aims to make HMO sector more appealing to agents

Ex-Reapit and ex-Countrywide tech guru Gary Barker has joined co-living HMO platform COHO as a non-executive director - just weeks after...

25 October 2021

From: Breaking News

Central London lettings revenue plummets up to 20% admits agency

Winkworth says its London rental activities have suffered because of a lack of international travel, and students and young professionals returning to...

09 April 2021

From: Breaking News

Growing PropTech platform now wholly owned by OnTheMarket

OnTheMarket now owns PropTech firm Glanty outright. Glanty is best known for its lettings platform teclet, a cloud-based lettings software service. Glanty's revenues grew...

23 March 2021

From: Breaking News

Pandemic hits student rental sector hard, new study confirms

The pandemic has had a major impact on the student rental market with landlords suffering significant losses of income. A new analysis...

19 March 2021

From: Breaking News

Foxtons’ naked ambition - it wants to buy more lettings books

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

11 March 2021

From: Breaking News

Foxtons says it bought rival agency because of its lettings book

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

03 March 2021

From: Breaking News

Sunak warned on property taxes - Don’t use us to pay Covid debts!

A prominent industry figure is warning Chancellor Rishi Sunak not to use property taxes to bail out the government over the costs...

19 February 2021

From: Breaking News

David Alexander is joint CEO of apropos

For most letting agents the last year has been a challenging one which has focused attention on dealing with the immediate,...

04 February 2021

From: Sponsored Content

Another PropTech tie-up for lettings platform linked with OnTheMarket

Teclet has announced another strategic partnership, this time with Kamma - a platform which specialises in agency compliance.   It’s the latest in...

17 December 2020

From: Breaking News

Agency network sees business storm back and repays furlough money

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

03 December 2020

From: Breaking News

Foxtons snaps up London independent and wants more of the same

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

25 November 2020

From: Breaking News

Foxtons reports poor lettings figures despite sales market boost

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

30 October 2020

From: Breaking News

New app provides lead to agents and pays if tenants switch utilities

A new free-to-list ‘lifestyle’ app that aims to be bigger than Rightmove says it will pay lettings agents when renters switch...

14 October 2020

From: Breaking News

Fees Ban: shocking impact on agents revealed in report

The majority of letting agents have lost up to 20 per cent of their revenue because of the fees ban -...

06 February 2020

From: Breaking News

‘We beat the fees ban’ - franchisees see revenue growth

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

29 January 2020

From: Breaking News

Airbnb trying to tempt landlords seeking higher yields - claim

A leading property industry figure says Airbnb is attempting to persuade traditional buy to let landlords into going down the short-let...

13 January 2020

From: Breaking 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...

22 October 2019

From: Breaking News

Lettings at the heart of agency's record month and quarter

One of London's largest agencies, Chestertons, has reported a record month for revenues in September as well as its best ever...

10 October 2019

From: Breaking News

Agency to survive the Fees Ban ‘as we charge less than our rivals’

Franchise agency group Winkworth claims the lettings fee ban impact has been less severe on its agents than on other companies,...

12 September 2019

From: Breaking News

Fees Ban Cash Crisis: letting agents expect to lose 30% of annual income

The first ‘state of the industry’ report on the lettings agency sector since the introduction of the fees ban suggests individual...

15 August 2019

From: Breaking News

Shock warning that quarter of landlords considering stopping using agents

More than a third of landlords are looking to cut their annual spending - and many of them are considering ending...

08 March 2019

From: Breaking News

Fees Ban: another agency says impact will be less than feared

Another major franchise agency says its preparation work ahead of the June 1 tenants fees ban mean the impact of the...

06 February 2019

From: Breaking News

Big rise in tenants sourcing properties through letting agents

The number of tenants saying they are using letting agents to find a place to live has increased 12 per cent...

11 December 2018

From: Breaking News

More PropTech will help agents combat regulation changes, claims Fixflo

PropTech repairs service Fixflo has published its latest annual report on the industry, based on information from over 400 lettings professionals...

18 October 2018

From: Breaking News

Franchise giant's success makes it number two in lettings to Countrywide

Franchise giant Belvoir Lettings has told the City and the firm’s shareholders that revenues and profits have risen in the first...

12 September 2018

From: Breaking News

Airbnb sub-letting deal with lettings agency 'could be start of a trend'

Airbnb, which is facing tough local restrictions in many of the largest cities in which it operates, says its new link...

17 July 2018

From: Breaking News

Husband and wife agency owners start search for lettings firms to acquire

A Derby-based agency says it’s on the acquisition trail and seeking lettings operations to take over. Birchover Sales and Lettings - led...

04 April 2018

From: Breaking News

The Reposit Landlord Perspectives Survey

In the past 20 years the UK private rental sector has exploded! The sector has grown from under 10% of housing...

31 October 2017

From: Sponsored Content

Landlords to shop around as annual agent fees hit £870 per property

Landlords are increasingly looking to reduce the fees they pay to letting agents due to industry tax changes and increasing management...

12 May 2017

From: Breaking News

4,000 letting agency jobs at risk if fees ban happens warns ARLA

There are 4,000 jobs at risk if an outright ban comes into force on letting agents’ fees according to new research...

28 March 2017

From: Breaking News

August performance marks 'vote of confidence' for London lettings

A London agency has reported that its lettings revenues increased by a fifth during August. ludlowthompson's lettings revenue increased by 20% year-on-year...

19 September 2016

From: Breaking News

Revenues and profits up for MartinCo in first half of 2016

Franchise agency MartinCO's revenue increased by 12% in the first half of 2016, it announced yesterday in its half-year trading update. Overall...

15 September 2016

From: Breaking News

Winkworth reports strong lettings and property management figures

Franchise estate agency Winkworth has reported its figures for the first half of 2016, noting a particularly strong performance in its...

14 September 2016

From: Breaking News

Major lettings firm forecasts more agency acquisitions in growing buy to let sector

Belvoir Lettings, which operates over 210 outlets across the UK, has seen its pre-tax profit surge beyond £2m at Belvoir Lettings. In...

05 April 2016

From: Breaking News

Letter from the Publisher: Why it’s harsh to blame gentrification on Foxtons

Gentrification is a divisive, provocative issue, but why are estate agents (especially Foxtons) appearing to bear the brunt of the public’s...

06 May 2015

From: Features

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