Netflix has axed their popular real estate reality show Buying Beverly Hills after only two seasons. The unscripted series follows real estate agent and businessman Mauricio Umansky, 54, and his staff at ‘The Agency’ in Beverly Hills, California as they attempt to broker high-end property deals among the rich and famous. Maurico founded the company in 2011, as a real estate company which specialises in the luxury market, with over 100 offices worldwide.
Staff at The Agency – and stars of the show – include Maurico’s daughters Farrah Brittany, 35, and Alexia Umansky, 27. A third daughter, Sophia, 24, joined the line-up as she attempted to follow her father and sisters’ footsteps into the family business . Drama on the show included the collapse of Mauricio’s marriage to The Real Housewives of Beverly Hills star Kyle Richards, 55.
The show’s second season only premiered on the streaming service in March this year, but the decision has already been made to pull the plug. The show’s second season only premiered on the streaming service in March this year, but the decision has already been made not to renew for a third outing. Sources told Deadline on Friday that the real estate reality show would not be renewed for a third season.
The cost of production versus viewing figures is believed to be behind the decision to park the show. Buying Beverly Hills is survived by other shows in the genre, such as Selling Sunset and Selling the OC, all of which also air on Net.