Hunters announces increased revenue in first full year as public company.

April 13, 2017

Hunters Property Plc, one of the UK’s largest national sales and lettings estate agency businesses, yesterday 12th April announced preliminary results for the year ended 31 December 2016.

Leading the Highlights section they stated: Opened 30 new branches, including the conversion of 20 independent estate agency branches so in aggregate 93 new branches, excluding acquisitions, over the last three years;

Kevin Hollinrake, Chairman, commented: “In our first full year as a public company I am pleased to report figures ahead of the market’s expectation despite the UK property market facing various challenges, namely the increase in Stamp Duty and the political uncertainty following the EU referendum result.  The Company has shown impressive growth, opening 30 new branches including converting 20 existing businesses.  We continued to retain our 96% customer satisfaction rating and increasing revenue per branch by 7% against a market estimated to have been down 2% (Source: Rightmove Market Activity Report, February 2017) versus a year ago.

“I am also delighted to welcome the branches of Besley Hill into the Hunters network.  We have secured a leading and long established network of offices; the ongoing roles of management; and management’s long term commitment by committing their three branches to new franchise agreements as part of the deal. The first quarter has therefore started well taking us past 200 branches.  We continue to out-perform general market activity, our instructions are up on last year and our pipeline of new branch prospects remains healthy.  I look forward to updating you as the year progresses.”

Read the preliminary results for the year ended 31 December 2016 announcement 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

First-Time Buyers Face £11,250 Tax Blow as Labour’s Stamp Duty Deadline Looms

120,000 UK homebuyers face unwanted tax bill ahead of Labour’s April stamp duty changes According to data from TwentyCi data, more than 120,000 homebuyers are at risk of unexpected stamp duty bills as they scramble to complete purchases before Labour’s planned stamp duty changes take effect on 1 April. A third of buyers who have had offers accepted…
Read More →
Breaking News

Renters’ Rights Bill Will Fail Without Proper Plan for Enforcement

Reforms to the private rented sector will fail without a proper plan to improve enforcement against rogue and criminal landlords. That’s the warning from the body representing responsible landlords as Peers prepare to debate the detail of the Renters’ Rights Bill. The Bill includes major changes which councils will need to enforce. This includes a…
Read More →
Breaking News

The Perfect Match: Zoopla reveals the most affordable places for single Brits to buy a home

  Aberdeen has been named as the most affordable city for single homebuyers with average monthly mortgage payments of £510, around 16 per cent of average salaries In England, Liverpool has been named the most affordable city for single Brits with average mortgage payments accounting for 18 per cent of monthly salaries Affordability for singletons…
Read More →
Home and Living

Laundry Room Essentials Every Home Needs

A well-equipped laundry room is key to maintaining a smooth and efficient household. Whether you have a spacious utility area or a compact corner dedicated to washing and drying, having the right essentials can make all the difference. From practical appliances to useful accessories, here are the must-have items every home needs in its laundry…
Read More →
Estate Agent Talk

First-time buyers now face £33k in upfront costs

First-time buyers now face an average upfront cost of just under £33,000 to purchase a home—a rise of more than £1,000 (3%) compared to 2024. But why is buying a home so expensive? How can first-time buyers reduce these initial costs? To help, Compare My Move has released a detailed report on the cost of…
Read More →
Estate Agent Talk

Essential Car Tips for Estate Agents Spending Long Days on the Road

As an estate agent in the UK, you are likely to spend extended periods of time on the road, travelling between properties and meeting clients in various locations. Considering the magnitude of your driving responsibilities, following a few vital car tips can considerably make your job easier and safer, whilst also saving you money in…
Read More →