Wed, 17th Aug 2016 21:35
(Adds bullet points) * Online estate agents capture 5 pct of market * Hybrid online models led by PurpleBricks could capture 25-50 pct of market - industry executives and analysts * Traditional agents respond with lower fees, cost cutting * High street agencies also look f
Read moreBy Peter Hobson and Esha Vaish LONDON, Oct 20 (Reuters) - Ash, in his 30s, is about to sell his flat. His neighbour in the apartment upstairs sold easily with an online agent. In London, says Ash, a house "sells itself". "What does a (traditional) estate agent contribute?" A growing n
Read moreOct 17 (Reuters) - UK commercial property values slipped in September but at a slower pace than in July and August, a closely-watched index showed, suggesting concerns about the impact of Britain's vote to leave the European Union are easing. Overall property values for UK commercial assets
Read moreLONDON, Oct 17 (Reuters) - The number of British homes worth 10 million pounds ($12 million) or more sold over the summer fell by an annual 86 percent, hit by property tax hikes and the Brexit vote, according to official data analysed by a residential fund. Just five double-digit million po
Read moreLONDON, Sept 21 (Reuters) - House prices in London's prime locations will fall by 9 percent this year and not grow again until 2019 as buyers, already hit by increased property taxes, wait to see the outcome of Brexit divorce talks, estate agents Savills said. Prices in prime central London
Read more(Adds details from two more valuers) By Esha Vaish Sept 20 (Reuters) - Five big property services firms are dropping Brexit uncertainty clauses from their valuation reports for most UK assets as market conditions steady after a sharp drop immediately after Britain's vote in June to le
Read moreBy Esha Vaish Sept 20 (Reuters) - Three big property services firms are dropping Brexit uncertainty clauses from their valuation reports for most UK assets as market conditions steady after a sharp drop immediately after Britain's vote to leave the EU. The original Brexit clause, seen
Read more(ShareCast News) - Standard Chartered's rating was downgraded to 'hold' from 'buy' and its target price was left at 650p by HSBC on Wednesday. HSBC said Standard Chartered's share price has responded positively to the weaker pound against the dollar following Brexit as the company's revenues are dol
Read more(ShareCast News) - Savills got a boost on Wednesday as Citigroup upgraded the stock to 'buy' from 'neutral' following solid first-half results. "We were reassured by this resilient performance which served to remind us as to the true portfolio within the group with limited reliance on any one geogra
Read more** Estate agent Savills up c.5 pct & 3rd top FTSE midcap gainer as Citi raises rating to "buy" from "neutral" ** Brokerage flags co trading at c.20 pct discount to long term historic avg share price & limited exposure to the UK makes it attractive ** Co gets only about 1/3 of its rev
Read more* UK commercial property suffers ahead of Brexit vote * Underlying profit rises 11.5 percent, helped by China (Adds quotes, details) By Costas Pitas LONDON, Aug 9 (Reuters) - Estate agent Savills said profits at its British commercial property business more than halved in the
Read more(ShareCast News) - Real estate agent Savills posted an 11.5% increase in first half underlying pre-tax profit on Tuesday, as strong growth in residential revenue offset a fall in commercial transactions. Group underlying profit before tax came to £42.8m in the six months ended 30 June, up from £38.4
Read more