Estate Agency Group sees revenue dip thanks to a ‘subdued’ market

April 9, 2019

The franchised sales and lettings agency Hunter Property who have their headquarters based in York have seen a rise in profits yet a fall in turnover following annual results being released on their year to year business up to 31st December 2018. Their net income rose a marginal amount to £39.4 million which is up £500,000 from the 2017 figure of £38.9 million.

Though a positive figure in turnover, the revenue decreased by 1.3% to £14 million from the 2017 figure of £14.2 million.

Hunters released comments of: “We expect the current subdued levels of transactions to continue in 2019. Hunters’ 2019 performance to date is in line with the Board’s expectations.”

Though negative figures clouded the story, Hunters so show positive growth in new franchisee branches with 37 new additions in 2017 and 10 within 2018.

Full story can be read on The Business Desk website.

EAN Breaking News

Breaking News. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Breaking News

House prices stable in July

House prices stable in July (0.0%), following a +0.2% rise in June Average property price now £299,253 compared with £299,396 in June Annual growth of +0.1% is the slowest rate of house price inflation since November 2023 Northern Ireland continues to record the UK’s strongest annual growth at +7.4%   Amanda Bryden, Head of Mortgages…
Read More →
Overseas Property

Algarve tops the list of overseas destinations by Brits this summer

New analysis from Rightmove reveals the most popular overseas destinations that potential British buyers are searching for this summer The Algarve in Portugal is the most popular destination, followed by Paphos in Cyprus and Mallorca in Spain Spain is the overall most searched for country, followed by France and Italy New analysis by Rightmove, the…
Read More →
Breaking News

UK Construction Sector Activity Remains Stagnant

Glenigan’s data shows construction sector performance is depressed in a tough socio-economic landscape The value of underlying (under £100 million) work starting on-site during the three months to the end of July declined 11% and fell 29% below last year’s levels. Residential construction starts fell sharply, declining 25% against the preceding three months and dropping…
Read More →
Estate Agent Talk

Seven fire safety myths every business should avoid

Fire safety is one of those responsibilities that often doesn’t receive the attention it deserves – until something goes wrong, that is. For many businesses, compliance has fallen into the trap of being a tick-box exercise that’s centred around annual inspections, manual training exercises, and having the right paperwork in place. And although these are…
Read More →
Breaking News

Suzy Lamplugh’s legacy underlines the need to always make lone-worker safety a priority

More than 40 years after estate agent Suzy Lamplugh disappeared while attending a work appointment, her legacy remains a powerful reminder that personal safety must be central to workplace practices. On 28 July 1986, 25-year-old Suzy Lamplugh left her London office for an appointment and never returned. Her disappearance led her parents, Diana and Paul…
Read More →
Breaking News

Prime London sellers return to market

The latest analysis from Beham and Reeves has found that the number of homes listed for sale at £2m or above across Prime Central London increased during the second quarter of 2026, although performance continues to vary considerably between the capital’s most prestigious neighbourhoods.   Benham and Reeves analysed current Prime Central London property listings…
Read More →