Industry Analysis & Industry Trends
The UK Real Estate Agencies industry includes all businesses that provide intermediary services in the buying, selling and renting of real estate on a fee or contract basis. Operators who provide advisory or appraisal services in connection with the buying, selling or rental of real estate are also included in the industry. The sale of residential property is by far the largest business segment for the entire industry, accounting for almost 60% of all revenue. As a result, the housing market crash in 2008 had a devastating effect on the industry. Industry revenue fell by 16.7% in 2008-09, triggering significant falls in the number of industry enterprises and total employment. The five years through 2013-14 have mainly been about the recovery of the industry... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Real Estate Agencies industry is highly fragmented, with thousands of local and regional players. The four largest operators are estimated to account for just 13.8% of industry revenue, with the remainder being largely generated by smaller operations in local areas. Agencies tend to specialise in their local areas, and the range of services offered by the industry allows service specialisation. For example, real estate agencies for commercial real estate often do not deal in residential real estate.
Larger companies such as Countrywide have made a considerable number of acquisitions in the past decade, which are mainly of medium-sized businesses with an established brand and a number of establishments in a particular region... purchase to read more