UK Estate Agent fees amongst the lowest in the world

July 17, 2019
what is happening to house prices

The Estate & Letting Agents Association UK (ELAA-UK) has conducted research that shows UK agents charge some of the lowest fees in the world.

The association conducted the research as a part of it’s campaign to show consumers the many benefits of using a high street or ‘traditional’ agent. ELAA-UK aims to show consumers the value for money they receive when using a high street agent in the UK.

ELAA-UK said that ‘whilst we have seen that recently people are returning to being more focused on the services and results an estate or letting agent can achieve for them the fees agents charge is still a major topic of discussion. We think it is important to remind consumers that agents fees in the UK are amongst the lowest in the world and in our opinion represent great value for sellers.’

The research compared the fees for similar services to those you would expect from an agent in the UK and found that agents in some countries would charge up to 4 times more than the UK average.

The below extract from the research shows the some of the results:

USA Typically 6% but some agents do charge up to 8%

Canada 3% – 7%

Australia 4% + advertising fees

Romania 6%

France 5%

Malta 5%

Cyprus 5%

ELAA-UK states ‘You can see from the results that estate agents in the UK charge considerably less than their counterparts in other countries, add to this the fact that a good agent will be able to negotiate the best price for a seller possibly adding thousands of pounds to the final sale price and it is easy to see why UK agents offer some of the best value for money in the world.’

To see the full results of this research and to view more information and analysis from The Estate & Letting Agents Association UK visit www.ELAA-UK.org

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Breaking News

How to market to Estate Agents UK

The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
Read More →
Letting Agent Talk

Preventative Measures to Reduce the Risk of Emergencies in a Rental Home

Ensuring that a rental home is safe and well-maintained is essential for both landlords and tenants. Emergencies in a rental property can lead to significant stress, financial loss, and potential damage. However, by implementing preventative measures, landlords and tenants alike can reduce the risk of emergencies and create a safer living environment. This guide provides…
Read More →
Estate Agent Talk

Understanding the Metrics Used by Estate Agents to Determine Your Home’s Worth

Determining the value of a property can sometimes feel like a complex process shrouded in mystery. However, understanding the various metrics and considerations that estate agents use to assess your home’s worth can demystify the process and empower you as a homeowner. This blog will provide a comprehensive guide to the key factors estate agents…
Read More →
Breaking News

Breaking Property News 15/11/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Read More →
Estate Agent Talk

Labour’s Vision for Homeowners and Renters: Key Changes to Expect

The UK housing market continues to be a complex and often challenging landscape for both homeowners and renters. Labour’s vision for housing reform aims to address longstanding issues in affordability, security, and sustainability, setting out a series of policy proposals that could reshape the property market. Whether you are a homeowner, a renter, or an…
Read More →
Letting Agent Talk

The pros and cons of renting to students: is it the right choice for you?

Student properties are no different in term of quality and facilities than any other type of private rental. And although landlords may have to spend a fair amount on setting up and properly maintaining student lets, they can also charge a good market rent. To help you decide whether letting to students might be worthwhile…
Read More →