Hunters Property deliver strong results in H1

September 9, 2016

Hunters Property PLC one of the UK’s largest national sales and lettings estate agency and franchise businesses, yesterday announced its interim results for the six months ended 30 June 2016.

On the operational front Hunters opened 17 new branches, expanding the branch network to 180. They  acquired two further lettings books in the Manchester area and integrated those into their owned offices, growing lettings income across the network by 18%.

To read the Regulatory news release in full including, Financial and Operational Highlights and the Trading update click here

Glynis Frew, Managing Director of Hunters Property Plc, commented: “We have delivered strong results in the six months to June 2016 bolstered by growth in the franchise network and we are encouraged by the robust pipeline of future franchisees interested in joining the network.

 “The EU referendum has reduced some activity levels in the market, particularly in London and the South East. However in the wider UK market, which mirrors our national structure, activity is more encouraging and there has been less or little evidence of a downturn. Branch performance has improved on average and in lettings in particular.

“The first half included a full contribution from Country Properties. The second half of 2016 has started strongly. We are delighted that our lenders, HSBC, see the exciting potential and growth in our business and have made a new line of credit available to the Group to deliver on its growth strategy and we are confident of our growth prospects and meeting our expectations for the full year.

 The work and support that has been displayed by the staff and the franchise network is a credit to the Group.  I offer, on behalf of the Board, our thanks and gratitude to everyone that has been involved.”

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

Home and Living

6 Signs That Your Roof Needs Repair or Replacement

Similar to the external face of your house walls, your roof is also constantly exposed to the external environment — which includes everything from harsh sunlight, rain, debris, and even insects. The purpose of the roof is to protect you from the impact of all those things. This exposure leads to severe wear and tear…
Read More →
Home and Living

How to Find Spare Parts for Your Home Appliances: 5 Ways to Track Down What You Need

Anyone who has had a trusty appliance break down, only to find that it’s a real struggle to find the exact spare part you need, can take comfort in the fact that they’re not alone. It happens to all of us at some point, especially as useful domestic gadgets get older and go through wear…
Read More →
Estate Agent Talk

Title Agency 101: Navigating the Real Estate Landscape with Confidence

In the intricate world of real estate transactions, one often encounters a crucial player that ensures the smooth transfer of property – the title agency. These entities play a pivotal role in safeguarding the interests of buyers, sellers, and lenders, making the real estate journey a secure and transparent experience for all involved parties. Understanding…
Read More →
Estate Agent Talk

Creating Spaces for Growth and Wellness: Canopies for Schools, Park Gym Equipment, and Hire Tower Scaffold

The physical environment plays a pivotal role in fostering growth, learning, and well-being. In this exploration, we delve into the transformative benefits of canopies for schools, park gym equipment, and the convenience of hiring tower scaffolds. Together, these elements contribute to the creation of dynamic spaces that encourage education, fitness, and seamless construction projects. 1.…
Read More →
Breaking News

Breaking Property News – 27/11/2023

Daily bite-sized proptech and property news in partnership with Proptech-X.   Offilancer has key answers to Work and who and where and how it will be done in the 2030’s The fallout from the collapse and bankruptcy of WeWork a co-working provider as we know is just beginning. A behemoth that had a market capitalisation of $47…
Read More →
what is happening to house prices
Estate Agent Talk

Can a Freeholder Refuse to Extend a Lease?

On 7th November 2023, the King’s Speech referenced upcoming leasehold reforms that are set to shake up property ownership as we know it. The Leasehold and Freehold Bill, which is due to be put in front of Parliament very soon, was masterminded with the intention of making it easier and more affordable for leaseholders to…
Read More →