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Chestertons is a British estate agency chain.. First established in 1805 by Charles Chesterton (1779 – 1849), the firm has mainly been based in London, but has expanded into international markets, including the Middle East.
In 1936 the first Connells estate agency branch was opened in Luton, Bedfordshire. [4] Connells acquired Sequence estate agency in 2003', [5] increasing its estate agency network to around 500 branches. In the same year, Connells acquired estate agency Sharman Quinney. [6] In 2008 Connells Group sold its remaining 18% stake in Rightmove plc. [7]
Hamptons is an estate agent (real estate broker) that has a UK network of more than 93 branches and an international affiliate partner network of over 7,000 offices. Hamptons' parent company, Countrywide , was acquired by The Connells Group in April 2021.
King Sturge LLP was an international property consultancy with over 210 offices and 4,200 staff in 45 countries. It operated throughout the UK and Europe and had associations and partners in Asia Pacific and North, Central and South America.
In 1988, the company created Hambro Assured, then the UK's largest life insurance broker. The group then grew through acquisition, buying Nationwide estate agents and surveyors from Nationwide Building Society in 1994, Spencers from National and Provincial Building Society in 1995 and London firms Faron Sutaria, PKL and John D Wood & Co. in 1997.
Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014). [3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012. [4] [needs update]
Estate agents who handle lettings of commercial property normally charge a fee of 7 to 15% of the first year's rent, plus the whole of the first month's rent. If two agents are charging 10%, they will split the fee between them. Estate agents selling commercial property (known as investment agents) typically charge 1% of the sale price.
Foxtons has over 50 offices. [11] [12] It is a member of The Property Ombudsman, The National Association of Estate Agents (NAEA) (Licensed Member), [13] The Association of Residential Letting Agents (ARLA) (Licensed Member), [14] [15] [16] and the National Approved Letting Scheme.
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