Industry Analysis & Industry Trends
Over the past five years, the industry has grown, though revenue has been somewhat volatile. IBISWorld estimates that industry revenue will grow at an compound annual rate of 3.4% to reach £10.4 billion over the five years through 2016-17. This largely reflects the recovery in the property market following the downturn, which had caused revenue to fall sharply before the period. Revenue rose strongly in the middle of the period, supported by various government reforms and initiatives, alongside strengthening economic conditions and high consumer confidence levels. The low interest rate environment has also supported growth. Revenue generated from non-residential property transactions increased as business investment climbed... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Estate Agents industry is highly fragmented, with thousands of local and regional players. The four largest players are estimated to account for 14.1% of industry revenue in 2016-17. Estate agents tend to operate in their local areas, and the range of services means that agents can specialise. For example, estate agents often specialise in either commercial or residential property.
Larger companies such as Countrywide have made a considerable number of acquisitions in the past decade, mainly of medium-size businesses with a well-known brand and several establishments in a region. Further acquisitions by the larger operators are expected over the coming years. Nev.. purchase to read more