Family Owned Real Estate Properties in London Dissertation

Family Owned Real Estate Properties in London - Dissertation Example This particular paper focused on family owned real estate businesses that are located within the City of London. Among the most prominent real estate companies that are family owned, include the Grosvenor Estate, the Cadogan Estate, the Howard de Walden Estate, and the Portman Estate. According to Darlow (2013), these companies have a big shareholding in the London property market mostly because their founders acquired land in the earlier centuries when land the price of land was low (Darlow, 2013). These families have held the ownership of the parcels of land till the present times when the lands are being developed to property and real estate (Wheaton & Torto, 1990). However, it is important to note that besides these prominent families, there are other small family owned real estate companies that also own a small number of real estate within the London. Whilst focusing on family owned real estate companies in London, the research study focused on the aspect of management in these companies and in particular how the collaborations of property agents work with these family owned businesses. A property agent or a real estate agent is described as an individual that has been approved and issued with a license that enables him to represent either a landowner or a land buyer in a real estate transaction. Such an individual earns a brokerage commission out of such a deal (Mccrea, 2005). Besides the brokerage services, property agents also act as agents for the owners of residential and commercial properties.