Online agents’ market share falls as self-employed brokers gain ground
'We do not see hybrid agents posing a significant challenge to traditional high-street agents but that could change if the self-employed model continues to grow in popularity,' says TwentyEA Director, Katy Billany.
Online estate agents are taking a larger slice of the £1m+ market
Hybrid and online estate agencies have seen their share of the £1m+ property market jump by 27% in the last two years - albeit from a low base.
UK has the biggest estate agency sector in Europe, in revenue terms
But competition amongst British property brokers is fierce, meaning average earnings per agency are lower than in some EU nations.
Estate agency numbers rise despite cooling property market
The number of estate agents operating across the UK has increased by 1.9% in the last year, despite a decline in transaction numbers.
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