Hunters Property PLC deliver robust results for the half year to June 2018

Hunters Property Plc,  one of the UK’s largest franchised sales and lettings agency businesses, today announced its interim results for the six months ended 30 June 2018 in which it states that: the Board remains confident the 2nd half will, as usual, outperform the first and remains in line to exceed last year’s full year performance despite completed sales for the market as a whole reporting a 9% decline.

Glynis Frew, Chief Executive of Hunters Property Plc, commented:

“We have delivered robust results in the six months to June 2018 against a backdrop of markets that have continued to contract in terms of completed sales transactions which HMRC reported as at June as being down 8.8%* as against the same period last year.  We are underpinned by our strategy to grow and develop the franchise network and we are bolstered by the pipeline of prospective franchisees interested in joining Hunters.  We are encouraged with the take-up from our network as looking to expand and taking advantage of our facility to do so. We are especially encouraged at the increase in strength of prospects we have registered reinforcing our view, especially in this environment, of the comparative benefits of joining the Hunters network.

Our view is that the challenging market is unlikely to improve in the foreseeable future, but our intention is to continue the industry’s consolidation.  The continuing work and support displayed by our staff and the franchise network is a great credit to the Group.  I offer, on behalf of the Board, our gratitude to everyone that has been involved.”

Read the Hunters Property PLC announcement 6th September 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

small house bird box
Breaking News

UK First Time Buyers better off than many other global nations

Is it really that bad being a first-time buyer? UK better off than many other global nations when it comes to affordability The latest market analysis from Yopa, the full-service estate agents, reveals that first-time buyers (FTBs) in the UK may be paying 63% more to get a foot on the property ladder than they…
Read More
new build homes colchester essex
Breaking News

Building Safety Regulator Reform

The Government has announced reforms to the Building Safety Regulator, including leadership, process and investment. The changes are hoped to deliver 1.5 million homes. The reforms pave the way for creation of a single construction safety regulator, as recommended by the Grenfell Tower enquiry. David Smith, property litigation partner at London law firm Spector Constant…
Read More
Breaking News

New anti-money laundering rules now in effect: what landlords need to know

New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
Read More
Breaking News

What landlords need to know about the upcoming Renters Rights Bill

The government’s long-awaited Renters Rights Bill is one of the most significant overhauls of the private rental sector in decades. While it has not yet received royal assent, the legislation is expected to come into effect late this year, or early in 2026. With the bill moving closer to becoming law, Steven Bond, managing director…
Read More
Breaking News

Mortgage approvals bounce back in May

The latest figures show that: – Mortgage approvals on house purchases for May sat at 63,032 up 3.9% from 60,656 in April. The monthly increase seen in May marks the end of four months of previous decline, with approval levels having fallen each month since January of this year. Approvals are also 2.5% higher than…
Read More
Breaking News

Money and Credit – May 2025

Key points: Net borrowing of mortgage debt by individuals increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to -£0.8 billion in April. Net mortgage approvals for house purchases increased by 2,400 to 63,000 in May. Approvals for remortgaging also increased by 6,200 to 41,500…
Read More