Residential Real Estate Agents in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Slowing down: High mortgage rates put downward pressure on house prices in the short term

Companies in the Residential Estate Agents industry act as intermediaries when a residential property is bought, sold, rented or leased in the UK. Typically, estate agents earn income via fixed flat rates or commissions and transaction fees related to the selling price charged to interested parties. Estate agents also provide clients with value-added ancillary services through which they can earn sufficient income, including specialist advisory services, contract appraisals, property valuation and escrow services. Legal activities and financial services are not considered relevant to this industry. Over the five years through 2023-24, the residential real estate agents industry is expected to contract at a compound annual rate of 2.5% to £6.5 billion.

Residential real estate agents act as intermediaries when a residential property is bought, sold or rented. They receive a fee or contract basis. They also provide advice and appraisals for buying, selling and renting residential properties and accompanying escrow services. The industry includes online-only residential estate agents. Property-related legal services like conveyancing and surveying are not part of the industry.

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.