Table of Contents
Executive Summary
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- The market
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- Figure 1: UK Estate Agents Market Value, £ million and % change, 2013-2017
- Market segmentation
- Commercial Estate Agents
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- Figure 2: Commercial Estate Agents Market Value, £ million and % change, 2013-2017
- Residential Estate Agents
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- Figure 3: Residential Estate Agents Market Value, £ million and % change, 2013-2017
- Lettings
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- Figure 4: Proportion of Rented Property, Commercial and Residential, % of total, 2006 & 2016
- Market factors
- Continued housing under-supply limiting stock
- Surging popularity of online property portals
- Broadened regional scope
- Market trends
- UK house prices
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- Figure 5: UK House Price Index, August 2008-2017
- Residential property transactions
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- Figure 6: UK property transactions with value of £40,000 or above, quarterly, Q1 2012 – Q2 2017
- The consumer
- Consumer activity in the property market
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- Figure 7: Purchasing Activity, % of respondents, September 2017
- Influences in the real estate market
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- Figure 8: Factors underlying consumer choice, % of respondents, September 2017
- Methods used during house search
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- Figure 9: Means of searching for real estate, % of respondents, September 2017
- Likelihood of future activity
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- Figure 10: Future market involvement, % of respondents, September 2017
- Motivating factors
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- Figure 11: Reasons against involvement, % of respondents, September 2017
- Market Forecasts
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- Figure 12: UK Estate Agents Market Forecast, £ million and % change, 2018-2022
- What we think
Key Issues
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- One year on, how has Brexit manifested in the estate agents market?
- Ban on letting agents fees
Introduction
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- Issues in the market
- Definitions
- Methodology
- Abbreviations
- Market positioning
Overview
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- Figure 13: Forecast GDP development 2017-21 (% growth)
- Figure 14: UK GDP quarterly development, 2004-17 (Index 2012 = 100)
- Inflation
- House prices
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- Figure 15: UK House price changes, 2006-2017 (12 month % change)
- Interest rates
- Consumer spending
- Manufacturing
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- Figure 16: UK manufacturing, 2014-17 (Index, 2015 = 100)
- Business investment
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- Figure 17: UK GFCF 2003-17 (£ million)
- Imports
- Exports
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Market Size
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- Key points
- The market maintains growth, though margins narrow significantly
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- Figure 18: UK Estate Agents Market Value, £ million and % change, 2013-2017
Market Segmentation
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- Key points
- The commercial sector is constrained by mounting hesitancy
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- Figure 19: Commercial Estate Agents Market Value, £ million and % change, 2013-2017
- The residential sector maintained growth, though high-end activity slowed in line with hesitancy
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- Figure 20: Residential Estate Agents Market Value, £ million and % change, 2013-2017
- Lettings continue to grow
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- Figure 21: Proportion of rented property, commercial and residential, % of total, 2006 & 2016
- Decreasing home ownership
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- Figure 22: Home ownership in the UK, owner-occupied as a % of all dwellings, 2007-2016
Market Factors
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- Key points
- Continued housing under-supply limiting stock
- Surging popularity of online property portals
- Broadened Regional Scope
Market Trends
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- Key points
- Developments in the residential sector
- UK house prices
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- Figure 23: UK House Price Index, August 2008-2017
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- Figure 24: UK first-time buyer house to earnings ratio, Q1 2012 - Q3 2017
- Residential property transactions in the UK
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- Figure 25: UK property transactions with value of £40,000 or above, quarterly, Q1 2012 – Q2 2017
Industry Structure
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- Key points
- Industry Development
- Industry by Structure
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- Figure 26: Analysis of changes in real estate agencies, outlets & businesses, % change, 2013-2017
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- Figure 27: Analysis of changes in management of real estate on a fee or contract basis, outlets & businesses, % change, 2013-2017
- Industry by Turnover
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- Figure 28: Financial analysis of real estate agencies, £'000 and % of total, 2016 & 2017
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- Figure 29: Financial analysis of management of real estate on a fee or contract basis, £'000 and % of total, 2016 & 2017
- Industry by Employment
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- Figure 30: Analysis of the employment structure of real estate agencies, % of total, 2016 & 2017
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- Figure 31: Analysis of the employment structure of management of real estate on a fee or contract basis, % of total, 2016 & 2017
Company Profiles
Connells Ltd
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- Recent company activity
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- Figure 32: Financial analysis of Connells Ltd, £ million, 2012-2016
- Company strategy
Countrywide Plc
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- Recent company activity
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- Figure 33: Financial analysis of Countrywide Plc, £ million, 2012-2016
- Company strategy
Foxtons Ltd
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- Recent company activity
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- Figure 34: Financial analysis of Foxtons Ltd, £ million, 2012-2016
- Company strategy
Jones Lang LaSalle Ltd
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- Recent company activity
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- Figure 35: Financial analysis of Jones Lang LaSalle, £ million, 2012-2016
- Company strategy
LSL Property Services Plc
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- Recent company activity
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- Figure 36: Financial analysis of LSL Property Services, £ million, 2012-2016
- Company strategy
Purplebricks Group Plc
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- Figure 37: Financial analysis of Purplebricks Group Plc, £ million, 2013-2017
- Company strategy
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Rightmove Plc
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- Figure 38: Financial analysis of Rightmove Plc, £ million, 2012-2016
- Company strategy
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Spicerhaart Group Ltd
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- Recent company activity
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- Figure 39: Financial analysis of Spicerhaart Group Ltd, £ million, 2012-2016
- Company strategy
Strutt & Parker
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- Recent company activity
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- Figure 40: Financial analysis of Strutt & Parker, £ million, 2012-2016
- Company strategy
Your Move
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- Figure 41: Financial analysis of Your Move, £ million, 2012-2016
- Company strategy
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Zoopla Plc
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- Recent company activity
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- Figure 42: Financial analysis of Zoopla Plc, £ million, 2013-2016
- Company strategy
The Consumer
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- Key points
- Consumer activity in the property market
- Purchasing activity
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- Figure 43: Purchasing Activity, % of respondents, September 2017
- Influences in the real estate marketplace
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- Figure 44: Factors underlying consumer choice, % of respondents, September 2017
- Methods in house search
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- Figure 45: Means of searching for real estate, % of respondents, September 2017
- Likelihood of future activity
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- Figure 46: Future market involvement, % of respondents, September 2017
- Motivating factors
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- Figure 47: Reasons against involvement, % of respondents, September 2017
Market Forecast
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- Key points
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- Figure 48: UK Estate Agents Market Forecast, £ million and % change, 2018-2022
- Market Segmentation
- Residential
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- Figure 49: UK Residential Forecasts, % change, 2017-2021
- Commercial
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- Figure 50: UK Commercial Forecasts, % change, 2017-2021
Further Sources and Contacts
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- Trade Associations
- Trade Magazines
- Trade exhibitions
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