M6 becomes the majority of Stéphane Plaza Real Estate
© Evidence David A real estate agency Stéphane Plaza in Paris, in April 2020. with 49% of the capital held, the group M6 was already part of the main furniture of Stéphane Plaza Immobilier. By acquiring an additional 2%, it is simply become on Monday the majority shareholder of the network of real estate agents of the shower of emissions glorifying real estate agents on the chain. The Nicolas de Tavernost Group has invested € 2.5 million in the franchise to increase its total to 51%.
Estate agent Savills’ shares stormed higher as it raised profit guidance amid a boom in demand for expensive homes.
The stock soared 8 per cent, or 105p, to 1425p after performance for 2021 came in ‘very significantly ahead’ of expectations following an ‘extraordinarily strong’ final two months of the year.
The FTSE 250 group, which sells residential and commercial property, has also been boosted by warehouse space sales as the boom in online shopping and supply chain woes left firms scrambling for storage space. © Provided by This Is Money Savills soared 8% after figures for 2021 came in ‘very significantly ahead’ of expectations following an ‘extraordinarily strong’ performance in the final two months of the year
Properties currently for sale on its website include a seven-bedroom house with a swimming pool and gym for £39.5million in Knightsbridge, London, and an Oxfordshire estate for £23million.
Hospitals 'are crippled' by 14-day isolation rule for patients
Experts warned that hospitals were being 'crippled' by the rules, which force patients into two weeks of quarantine even if they are only a close contact of a Covid sufferer. Currently, most people have to isolate for as little as seven days if they test positive for Covid. If they are a close contact of someone with the virus, they no longer need to isolate at all if they are fully vaccinated.But in hospital any patient who tests positive – or who comes into close contact with a confirmed case – has to be treated in isolation for 14 days. They have to remain in quarantine even if they later test negative.
‘The UK prime residential market continued to perform exceptionally strongly through the last quarter,’ Savills said. It added that a shortage of houses to sell meant activity was likely to moderate this year.
It noted ‘substantially lower levels’ of spending on travel, entertainment and marketing, left buyers with more cash to purchase properties.
As a result, profits were expected to be ‘very significantly ahead’ of the previous forecast.
Analysts at broker Peel Hunt predicted the figure could be between £190million and £200million, up from £96.6million in 2020.
Anthony Codling, chief executive of property data site Twindig, said while the UK housing market ‘made hay’ during lockdown, the opening up of the economy and relaxation of travel restrictions would cause buying patterns to normalise.
Estate agents and builders have cashed in over the pandemic as a demand for bigger homes and a stamp duty holiday sent buyers flooding into the market.
AIM-listed peer Winkworth jumped 6.2 per cent, or 12p, to 207p after it predicted profits for 2021 will be ahead of forecasts.
London-focused Winkworth flagged ‘brisk’ sales activity in the final quarter, saying sales for 2021 were 13 per cent higher than 2020 and 42 per cent above 2019 levels.Read more
Saint-Tropez: the crazy scenario of the abortive sale of a villa at 6.5 million euros .
© Hiroshi Higuchi / Getty Images Saint-Tropez: the crazy scenario of the abortive sale of a villa at 6 , 5 million euros The luxury construction founded in the heart of an incredible imbroglio in which a tropézian real estate agent accused a Russian footballer of extortion attempt. The scenario and the characters are worthy of a Hollywood movie. Like the Nice-Morning Relate , a luxury villa of Saint-Tropez, the Villa Grenadine estimated at 6.5 million euros, found itself in the heart of a crazy