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

how to present your property for sale
Estate Agent Talk

We’ve got the visitors. Now we need your listings.

Sponsored content, paid for by Domovita. More than 10,000 people a month come to Domovita, and nearly nine in ten of them arrive on a sold-price page for one particular street, looking up what the houses there went for. You can look up your own patch here. What those people don’t find yet is enough…
Read More →
Breaking News

Housing market hit by £18m increase in fall-through costs in Q2 2026

The latest Fall-Through Index by the House Buyer Bureau reveals that the number of property fall-throughs across the UK increased by 6.6% during the second quarter of 2026, resulting in an additional £18.3m in costs to the housing market compared to the previous quarter.   House Buyer Bureau analysed the latest data from TwentyCi on the…
Read More →
Breaking News

More than half of ‘Mumlords and Dadlords’ give rent back to help children buy their first home

54% of parents return some or all of the rent paid by their adult children to help them save for a deposit Just over a third say their children are living at home specifically to save for a house deposit; 45% say they feel like a landlord to their own child Parents charge £303 a…
Read More →
Breaking News

The First-Time Buyer Reality Shock

The First-Time Buyer Confidence Gap: 90% Feel Prepared, 71% Get an Unpleasant Surprise The First-Time Buyer Anxiety Index unveils a major ‘confidence gap’ which leaves first-time buyers unprepared for the realities of getting on the property ladder. Nine in 10 first-time buyers believe they are prepared and understand the home buying process before they begin…
Read More →
Breaking News

£50k hit when climbing the property ladder

The average homeowner in England faces an estimated £15,513 in associated costs when upsizing their home, according to the latest research by Yopa. However, in London this figure climbs as high as £47,704. The full-service estate agency analysed the estimated cost of upsizing across England, based on selling an average flat or terraced home and…
Read More →
Estate Agent Talk

Conveyancing causes more stress than property chains

The latest research by Lyons Bowe has found that 42% of recent homebuyers say conveyancing is the biggest barrier to a smooth property transaction, compared with just 19% who point to property chains. The survey of 1,000 recent homebuyers* examined which aspects of the transaction process had presented the biggest barriers to a smooth journey,…
Read More →