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Estate Agents in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Estate Agents Market Research Report | SIC L68.310 | Dec 2016

Renovation required: Low business confidence is expected to cause revenue to contract sharply

The Estate Agents market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Countrywide plc Countrywide plc market share
Industry Statistics & Market Size
Revenue
£10bn
Annual Growth 12-17
3.4%
Annual Growth 17-22
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Profit
Purchase to read more
Employment
157,784
Businesses
18,339
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Estate Agents Industry?

Estate agents act as intermediaries when property is bought, sold or rented. They are paid on a fee or contract basis. They also provide advice and appraisals in connection with buying, selling and renting property and provide escrow services. This class includes online-only estate agents, however property-related legal services are excluded from the industry.

Industry Products
Residential transactionsNon-residential transactionsResidential lettingsNon-residential lettingsOther services
 
Industry Activities
Helping customers buy and sell propertyActing as agents for property rentalsProviding advice on properties


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