Ground laid for a comparatively strong second half performance says Hunters.

May 21, 2018

Hunters one of the UK’s largest franchised sales and lettings agency businesses, issued an AGM Statement and Trading Update for the first four months of the year, ahead of its Annual General Meeting held Friday 18th May 2018.

The Chairman, Kevin Hollinrake,  made the following statement:

“So far this year we have signed nine new Hunters branches and have opened three. The Group has a strong pipeline of agreed sales and has increased instructions in the four months to the end of April.  Excluding the effect of the acquisition of our Bristol chain, formerly known as Besley Hill, instructions are up by 5.4% against the same period last year, which should lay the ground for compa aratively strong second half performance.

“The first half year is expected to end slightly better than the Board anticipated giving us confidence in the full year outcome for the Group. The government has put forward proposals to regulate the industry and to ban certain tenant fees.  Given our strong sales profile our exposure is expected to be less significant than other lettings only based participants. Furthermore, we believe we will receive an increase in enquiries to join our Network to take advantage of our procurement and training, e-learning and support packages, which will prove invaluable in the new regulated environment and as we help good independent agents manage the transition.

“Finally, I am delighted to announce our Customer Service Rating this year has increased to 96% across both sales and lettings and we retain a healthy pipeline of parties looking to join the network. I look forward to updating you further as the year progresses.”

Read the Trading Update 18th May 2018 click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Nationwide becoming first lender to allow mortgage deeds to be signed digitally

Mary-Lou Press, President of NAEA Propertymark (National Association of Estate Agents), comments: “The conveyancing process remains one of the most common sources of frustration for buyers and sellers, with more than 30 per cent of housing transactions taking over 17 weeks to complete on average. These prolonged timescales only serve to increase pressure and uncertainty…
Read More →
Breaking News

Fruitful year ahead for aspiring first-time buyers

First-time buyers and those with little equity to refinance will find greater mortgage choice. During January, there was an uplift in higher LTV deals, with 90% LTV options at a record-high, plus a boost to 95% LTV deals, which are at their highest count since March 2008. The electronic monitoring of LTV choice at Moneyfacts…
Read More →
Breaking News

Lovelocked London homebuyers face romance premium

The latest research by London lettings and estate agent, Benham and Reeves, reveals that lovelocked London homebuyers house hunting across the capital’s most romantic locations can expect to pay house premiums of more than 64%. But couples can still find great value if they know where to look. Benham and Reeves has identified nine of…
Read More →
Breaking News

First-time buyers face highest hurdle in England

The latest research from Yopa has found that while first-time buyers in England continue to face the highest cost of getting a foot on the property ladder, at £27,807, it’s their Scottish counterparts who have seen this cost rise by the largest margin over the last year, increasing by 5.5%. Yopa analysed* the current cost…
Read More →
Breaking News

Rental price and average salary tracker – January 2026

Seasonal cooling deepens regional rent declines, while affordability pressures remain structurally high Month-on-month rental prices fell across the majority of regions, with particularly pronounced drops in the North East (−10.0%), South West (−8.1%), Yorkshire and Humberside (−7.4%), and Wales (−6.1%), highlighting a clear seasonal slowdown as demand softens post-Christmas. Year-on-year salary requirements show only modest…
Read More →
how to present your property for sale
Breaking News

Property values hit £300k for first time

The latest Halifax House Price Index for January 2025. On a monthly basis, house prices increased by 0.7% between December and January, reversing the decline of -0.5% seen between November and December of last year.   Annually, house prices were up 1% versus this time last year, with this annual rate of growth accelerating when…
Read More →