Countrywide latest: research shows 26% branch reduction at SW estate agency

first_imgThe cull of branches by Countrywide at some of its estate agency brands has been much discussed, and largely denied by the estate agency in recent months as it has cut its operating expenses as losses have mounted.But what’s happening on the ground can be clearly seen at one of its agencies in the South West; Palmer Snell.Research for The Negotiator shows that in August the company listed 19 branches across Dorset and Somerset on its website, but this has now reduced to 14 or a 26% reduction in the number of offices.The closures include branches in Bridgewater, Bridport, one of its offices in Weston-super-Mare and in Winton.A fifth office, in Dorchester was closed before August, long enough ago for the site to have been sold and planning permission granted for the property to be converted into a one-bedroom flat from A2 commercial use.Remaining branchesThe remaining surviving branches are in Boscombe, Poole, Bournemouth, Christchurch, Martock, Somerton, Taunton, Upton, Wells, Westbourne, (high street) Weston-super-Mare, Yeovil, Weymouth and Wincanton.In the past Countrywide has not confirmed or denied individual branch closures, but its latest annual report does hint at what’s going on internally.“The base case scenario reflects the latest forecasts and three year plan that was approved by the Board in October 2020 which reflects the Board’s current view on the likely impact of COVID-19 and Brexit.“The key assumptions used in the base case include estimates of the volume of UK housing market transactions and the Group’s market share…as well as the impact of the closure of a number of loss making branches.”Read more about Countrywide closures.palmer snell Countrywide December 9, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Countrywide latest: research shows 26% branch reduction at SW estate agency previous nextAgencies & PeopleCountrywide latest: research shows 26% branch reduction at SW estate agencyPalmer Snell has closed five branches recently including one which is about to be converted into a one-bedroom flat.Nigel Lewis9th December 202001,209 Viewslast_img read more