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Connells Shuts ‘Flawed’ Hybrid Estate Agency Hatched

Hatched, one of the first online estate agents, is closing with immediate effect after its owner Connells concluded the online-only/hybrid business model is “fundamentally flawed”. David Plumtree, Connells’ chief executive, said the company had thoroughly tested the hybrid model and decided it does not produce a “viable economic result”. The agency…
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Will All Agents Soon Be Hybrid?

Just a few years ago many traditional estate agents would have brushed off their online counterparts as a joke. Even the best-known online agents struggled to sell more homes than a busy city centre branch and most consumers viewed them as an interesting but niche part of the property sales and lettings industry. A Purple patch And then came the…
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Foxtons Founder Jon Hunt Wants To Become A Hotelier

Foxtons founder Jon Hunt has revealed his latest project – a major investment into London’s hotel market. His development business Ocubis wants to erect a 145-bedroom upmarket building in trendy Shoreditch. It’s a positive sign for London’s hotel market, as Hunt is famed for calling property cycles correctly. He sold Foxtons at the top of the…
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