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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.

EAN Breaking News

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.

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