Estate Agency Group sees revenue dip thanks to a ‘subdued’ market
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.
You May Also Enjoy
Annual house price growth halves in September
Homesellers say valuation appointment is key
London’s rental market bucks the national trend
Higher mortgage rates put buyers in the driving seat
Prime London buyer demand cools in Q3
