Estate Agents in the UK - Industry Research Report

Low confidence: Aggressive interest rate hikes and a gloomy economic outlook have hit property markets

The Estate Agents industry consists of many smaller players that operate locally, attracting customers through their expert regional knowledge. Even so, there are still larger estate agents like Connells Group, Savills and LSL Property Services that leverage significant brand power and global resources to cement their position at the forefront of UK property and real estate markets.

Estate agents act as intermediaries during property transactions and lettings. Estate agents are paid on a fee or contract basis, also providing advisory, escrow, appraisal and other related services not elsewhere classified in connection with, and to facilitate, the buying, selling and renting of property. The industry considers bricks-and-mortar, online-only and hybrid estate agents. Property-related legal and other professional services (e.g. conveyancing) are excluded.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.