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 from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

New Housing Secretary must focus on delivery, says FMB

The appointment of Steve Reed MP as Secretary of State for Housing, Communities and Local Government, following the resignation of Angela Rayner MP, must signal the start of a new drive for delivery of the Government’s stated target to build 1.5 million new homes, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive…
Read More →
Breaking News

Industry Response to the Resignation of Angela Rayner

Lawrence Turner, Director of Boyer said: “Angela Rayner’s planning reforms rightly acknowledged the scale of the Housing Crisis and the urgent need for bold, decisive action. Her resignation must not become an excuse for delay. The new Secretary of State now bears the responsibility to continue to unlock delivery and work to win the support…
Read More →
Breaking News

Halifax figures show third consecutive month of growth – Thoughts from the Industry

The latest Halifax House Price Index for August shows that: –   On a monthly basis, house prices increased by 0/3% in August. This was the third consecutive monthly increase seen. House prices were also up 2.2% on an annual basis although this annual rate of growth had cooled from the 2.5% seen in July.…
Read More →
Breaking News

House prices continue to rise at a steady pace

• House prices increased by +0.3% in August, marking a third consecutive monthly rise • Average property price now £299,331, edging up to a new record high • Annual rate of growth eases slightly to +2.2% (down from +2.5% in July) • Average price paid by first-time buyers falls slightly as affordability improves • Northern…
Read More →
Estate Agent Talk

From offer to ownership: The risk of celebrating your mortgage too soon

Securing a mortgage is a major milestone, but celebrating too soon can lead to costly mistakes. Louise Ainley, a qualified conveyancer at licensed conveyancer course provider Access Law Online, explains the important steps to take after your mortgage is approved for new homeowners to avoid delays, protect their investment, and for a smooth transition to…
Read More →
Rightmove logo
Breaking News

New record rent across Great Britain as landlords brace for Renters’ Rights Bill and potential tax changes

The average advertised rent across Great Britain has risen to a new record in August of £1,577 per calendar month Average advertised rents are now 3% higher than at this time last year, in line with Rightmove’s prediction for the year, with constrained supply contributing to rising rents: The number of available homes to rent…
Read More →