Chris McCarthy, the managing director of Viva Estates has reportedly resigned. The eagle-eyed among you will have noticed that Chris' blog dissapeared from their website a day or so ago.
The reason for his departure is not apparent, but I'm guessing it is related to their recent and dramatic change in listing policy and closure of the IN.
So will it be business as usual or all change? Will Viva maintain their 2/3% policy? Or will they revert to the usual 5% model, which allows for agent co-operation? Is it a cash flow issue, in which case will we see cutbacks and office closures?
It will be particularly interesting to see who they get to fill Chris' very large espadrilles - it will certainly have to be someone looking for a challenge.
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