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

Spanish government looks to reform energy sector

first_imgSpanish government looks to reform energy sector FacebookTwitterLinkedInEmailPrint分享Bloomberg:The Spanish government is exploring ways to persuade investors to finance a 100 billion-euro ($116 billion) transformation of its energy system as it tries to move beyond past policy mistakes that led to widespread losses and lawsuits.The Socialist administration is drawing up plans to expand renewable power generation, modernize its transport system and refit buildings to make them more energy efficient through 2030. But the effort to mobilize private investment is hampered by ongoing legal disputes from the party’s last green energy push a decade ago, which saw over-generous solar power subsidies cut retroactively.“We have to craft carefully a proposal that is adequate, credible and sound in terms of new investments, both for national and foreign investors, and also providing some recognition about what happened,” Teresa Ribera, minister for the ecological transition, said in an interview at her office in Madrid. “It can be through regulatory means or it can be via fiscal means.”Ribera has limited room for maneuver because the government is still fighting legal claims from investors over cuts in subsidies for photovoltaic power plants. Spain became the world’s biggest installer of PV panels in 2008 after the government misjudged the amount of subsidy required to stimulate investment. The payments were gradually reduced over successive years — leaving some plants struggling to cover their financing costs — as they began to jeopardize the public finances.A second problem for the minority administration is its lack of support in parliament, where the governing party has just 84 of 350 lawmakers. Ribera said she is aiming to win cross-party support for her plans but can also use administrative levers to push through some measures if she is blocked by opposition parties.Among her first moves, Ribera aims to remove a levy on Spaniards who installed solar panels on their homes by the end of November. She said both the left-wingers of Podemos and the liberals of Ciudadanos have in the past signaled they would support the decision, but the government can also push through the change by decree if necessary.More: Spain Aims to Win Investors for $116 Billion Energy Refitlast_img read more