Hunters announce in trading update the group has outperformed the market.

February 20, 2018

Hunters, one of the UK’s largest franchised sales and lettings agency businesses, today provided a trading update ahead of its results for the year ended 31 December 2017.

They announced that the Group outperformed the market, increasing network income by 9.8% to £38.9m (2016: £35.4m) and results for 2017 will be broadly in line with expectations.

During the year, 37 new branches were added, ending 2017 with 213 branches (2016: 186).

Glynis Frew, Chief Executive, said:

“We are pleased with our performance and the progress we are making in adding high quality businesses to our network. Our organic growth is significantly stronger than our competitors and we are optimistic that this will lay the foundations for further growth.

The Company expects to announce its full year results on or around the 12 April 2017.

Read the trading update announcement 20th February 2018 in full 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

Housing Insight Report: May 2026

While we have seen a slight dip in prospective buyer registrations, stock levels have edged upwards, giving consumers more choice and helping to create a more balanced sales market. Although tenant demand increased throughout May, available stock fell slightly, leaving an average of eight applicants competing for every available property. Residential sales The average number…
Read More →
Breaking News

Breaking Property News 28/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The UK rental market just changed hands. The tenant sets the terms now Lettings operators now realise that their ‘new’ tech savvy tenants, expect an instant 24/7 level of service as standard Thought Leadership by Adam Pigott CEO of tlyfe and OpenBrix | Consumer-Centric Property Platform  ‘Tenants weren’t the ones deciding that…
Read More →
Breaking News

No-deposit mortgages could cost first-time buyers

No-deposit mortgage could cost London first-time buyers £73,000 more in interest over first five years The latest research by London lettings and estate agent, Benham and Reeves, has revealed that whilst the emergence of no-deposit mortgages provides a welcome route onto the property ladder for buyers struggling to save, the cost of doing so is…
Read More →
Breaking News

Beach hut values fall for second consecutive year

The latest research from Yopa has found that beach hut prices have fallen for the second consecutive year across the UK’s most sought-after coastal locations, as the extraordinary growth seen in the years immediately following the pandemic continues to unwind. Yopa analysed the average asking price of beach huts across eight of the UK’s most…
Read More →
Breaking News

Burnham’s property and land tax: what would it mean for property owners?

With reports suggesting that property and land taxes could be on the cards under Burnham,  Simon Gerrard, Chairman of Martyn Gerrard Estate Agents, comments on what these proposals could mean for homeowners, particularly those in London who are likely to bear the brunt of any changes, given the capital’s significantly higher property values.   On uncertainty:…
Read More →
Property for sale
Breaking News

Homebuyers can save up to 47% by looking next door to the UK’s priciest postcodes

New research reveals how much less buyers could pay in postcodes neighbouring the UK’s most expensive locations Homes in these neighbouring areas are 28% cheaper on average, with the biggest gap reaching 47% in the North East Significant savings also seen in London, Scotland, Wales and Northern Ireland   Homebuyers could save up to 47%…
Read More →