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Estate Agents - UK - January 2017

“The UK estate agents market is highly fragmented, shaped by a wealth of regional and national operators. The marketplace is also highly fluid and dynamic, subject to significant changes in line with factors such as the rise of online, consumer behaviour and the national economy.”
– Marco Amasanti, B2B Analyst

This report addresses the following key questions in the estate agents industry:

  • How can the UK estate agents market look to fully consolidate its recovery from the 2008 economic crisis over the coming years?
  • How has the structure of the commercial property market changed over recent years?
  • What impact has the growth of online and the decline of traditional bricks-and-mortar had on the UK estate agents industry?
  • With recent political and economic uncertainty, both nationally and global, what does the future look like for the industry?
  • How has the housing shortage manifested itself in the marketplace?

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Table of contents

  1. Executive Summary

      • Market size
        • Figure 1: UK Estate Agents Market Value, £ billion and % change, 2012-2016
      • Market segmentation
        • Commercial
          • Figure 2: Commercial Estate Agent sector, £ million, 2012-2016
        • Residential
          • Figure 3: Residential Estate Agent sector, £ million, 2012-2016
        • Lettings
          • Figure 4: Proportion of Rented Property, Commercial and Residential, % of total, 2005 & 2015
        • Market factors
          • The move online
            • Interest rates
              • UK house prices
                • Figure 5: Average UK House Prices, Quarterly, 2006-2016
              • Fall in home ownership
                • Suppressed growth in the commercial sector over the past year
                  • Geographical shift in the commercial sector
                    • Shift in category investment in the commercial sector
                      • The consumer
                        • Consumer Activity in the Property Market
                          • Figure 6: Frequency of transaction, % of respondents, August 2016
                        • Purchasing of property
                          • Figure 7: Means of searching for Property, % of respondents, August 2016
                          • Figure 8: Type of New Property, % of respondents, August 2016
                        • Selling of property
                          • Figure 9: Use of Estate Agents, % of respondents, August 2016
                          • Figure 10: Motivation behind Estate Agent choice, % of respondents, August 2016
                        • Market forecasts
                          • Figure 11: UK Estate Agent Market Forecast, £ billion and % change, 2017-2021
                        • Redirection of investment due to uncertainty
                          • Growth in rental
                            • What we think
                            • Key Insights

                                • How has the rise of online impacted the estate agents market, and how it is expected to further alter industry structure in the coming years?
                                  • What impact has the recent Brexit decision had on the commercial estate agents market? How is this expected to further affect the market in coming years?
                                    • Following several years of great performances and in light of an expected slowdown, what areas of the market represent opportunities for further growth in the coming years?
                                    • Introduction

                                      • Issues in the market
                                        • Definitions
                                          • Methodology
                                            • Abbreviations
                                              • Market positioning
                                              • UK Economy

                                                • Key points
                                                  • Overview
                                                    • Figure 12: UK GDP quarterly development, 2003-16
                                                    • Figure 13: UK GDP in economic downturns and recoveries since 1979
                                                  • Inflation
                                                    • Interest rates
                                                      • House prices
                                                        • Figure 14: UK House price changes, 2006-2016
                                                      • Consumer spending
                                                        • Manufacturing
                                                          • Figure 15: UK manufacturing, 2014-16
                                                        • Business investment
                                                          • Figure 16: UK GFCF 2003-16
                                                        • Imports
                                                          • Exports
                                                          • Market Factors

                                                            • Key points
                                                              • The move online
                                                                • Interest rates
                                                                  • Residential
                                                                    • UK House Prices, Earnings and Transactions
                                                                      • Figure 17: Average UK House Prices, Quarterly, 2006-2016
                                                                      • Figure 18: House Price to Earnings Ratio, first-time buyers, Quarterly, 2006-2016
                                                                      • Figure 19: Number of UK residential property transaction completions, 2011-2015
                                                                    • Fall in Home Ownership
                                                                        • Figure 20: UK Housing Construction Output, growth rate %, 2006-2015
                                                                      • Commercial
                                                                        • Suppressed growth in the commercial sector over the past year
                                                                          • Geographical shift
                                                                            • Move from Retail to Office/Industrial
                                                                            • Market Size

                                                                              • Key points
                                                                                  • Figure 21: UK Estate Agents Market Value, £ and % change, 2012-2016
                                                                                  • Figure 22: UK Estate Agents Market Value, £ billion and % change, 2012-2016
                                                                              • Market Segmentation

                                                                                • Key points
                                                                                  • Commercial
                                                                                    • Figure 23: UK Estate Agents Market Value, £ and % change, 2012-2016
                                                                                    • Figure 24: Value of UK Commercial Property Market, £ billion, 2009-2015
                                                                                  • Residential
                                                                                    • Figure 25: UK Estate Agents Market Value, £ and % change, 2012-2016
                                                                                  • Lettings
                                                                                    • Figure 26: Proportion of Rented Property, Commercial and Residential, % of total, 2005 & 2015
                                                                                  • Private Rental Sector
                                                                                  • Industry Structure

                                                                                    • Key points
                                                                                      • Industry development
                                                                                        • Merger & acquisition activity
                                                                                          • Changes in the structure of the industry
                                                                                            • Real estate agencies
                                                                                              • Figure 27: Analysis of the changes in the structure of the Real Estate Agencies Industry, 2012-2016
                                                                                            • Management of Real Estate on a fee or contract basis
                                                                                              • Figure 28: Analysis of the changes in the structure of the management of real estate on a free or contract basis, 2012-2016
                                                                                            • Structure by Employment
                                                                                              • Real Estate Agencies
                                                                                                • Figure 29: Analysis of the employment structure of the Real Estate Agencies Industry, 2015 & 2016
                                                                                              • Management of Real Estate on a fee or contract basis
                                                                                                • Figure 30: Analysis of the employment structure of the management of real estate on a free or contract basis , 2015 & 2016
                                                                                              • Structure by turnover
                                                                                                • Real estate agencies
                                                                                                  • Figure 31: Analysis of the employment structure of the Real Estate Agencies Industry, 2015 & 2016
                                                                                                • Management of real estate on a fee or contract basis
                                                                                                  • Figure 32: Analysis of the employment structure of the Management of Real Estate on a fee or contract basis, 2015 & 2016
                                                                                              • Company Profiles

                                                                                                • Connells Ltd

                                                                                                    • Figure 33: Financial Analysis of Connells Ltd, £ million, 2011-2015
                                                                                                  • Company strategy
                                                                                                  • Countrywide PLC

                                                                                                      • Figure 34: Financial Analysis of Countrywide PLC, £ million, 2013-2015
                                                                                                    • Company strategy
                                                                                                    • Foxtons Ltd

                                                                                                        • Figure 35: Financial Analysis of Foxtons Ltd, £ million, 2011-2015
                                                                                                      • Company strategy
                                                                                                      • Jones Lang Laselle Ltd

                                                                                                          • Figure 36: Financial Analysis of Jones Lang LaSalle Ltd, £ million, 2011-2015
                                                                                                        • Company strategy
                                                                                                        • LSL Property Services PLC

                                                                                                            • Figure 37: Financial Analysis of LSL Property Services PLC, £ million, 2011-2015
                                                                                                          • Company strategy
                                                                                                          • Purplebricks Group PLC

                                                                                                              • Purplebricks Group PLC is headquartered in Solihull, West Midlands.
                                                                                                                • Figure 38: Financial Analysis of Purplebricks Group PLC, £ million, 2014-2016
                                                                                                              • Company strategy
                                                                                                              • Rightmove PLC

                                                                                                                  • Figure 39: Financial Analysis of Rightmove PLC, £ million, 2011-2015
                                                                                                                • Company strategy
                                                                                                                • Spicerhaart Group Ltd

                                                                                                                    • Figure 40: Financial Analysis of Spicerhaart Group Ltd, £ million, 2011-2015
                                                                                                                  • Company strategy
                                                                                                                  • Strutt & Parker

                                                                                                                      • Figure 41: Financial Analysis of Strutt & Parker, £ million, 2011-2015
                                                                                                                    • Company strategy
                                                                                                                    • Your Move

                                                                                                                        • Figure 42: Financial Analysis of Your Move, £ million, 2011-2015
                                                                                                                      • Company strategy
                                                                                                                      • Zoopla PLC

                                                                                                                          • Figure 43: Financial Analysis of Zoopla PLC, £ million, 2014-2016
                                                                                                                        • Company strategy
                                                                                                                        • The Consumer

                                                                                                                          • Key points
                                                                                                                            • Consumer activity in the property market
                                                                                                                              • Transaction activity
                                                                                                                                  • Figure 44: Frequency of Transaction, % of respondents, August 2016
                                                                                                                                • Purchasing of property
                                                                                                                                  • Method in house search
                                                                                                                                      • Figure 45: Means of searching for Property, % of respondents, August 2016
                                                                                                                                    • Type of property bought
                                                                                                                                        • Figure 46: Type of New Property, % of respondents, August 2016
                                                                                                                                      • Selling of property
                                                                                                                                        • Use of estate agents
                                                                                                                                            • Figure 47: Use of Estate Agents, % of respondents, August 2016
                                                                                                                                          • Factors underlying consumer choice
                                                                                                                                              • Figure 48: Motivation behind Estate Agent Choice, % of respondents, August 2016
                                                                                                                                          • Forecast

                                                                                                                                            • Key points
                                                                                                                                              • Total market
                                                                                                                                                • Figure 49: UK Estate Agent Market Forecast, £ billions and % change, 2017-2021
                                                                                                                                                • Figure 50: UK Estate Agent Market Forecast, £ billion and % change, 2017-2021
                                                                                                                                              • Market segmentation
                                                                                                                                                • Residential
                                                                                                                                                  • Figure 51: UK Residential Forecasts, Millions and % change, 2017-2021
                                                                                                                                                • Commercial
                                                                                                                                                  • Figure 52: UK Commercial Forecasts, % change, 2017-2021
                                                                                                                                                • Market factors
                                                                                                                                                  • Redirection of investment due to uncertainty
                                                                                                                                                    • Growth in rental
                                                                                                                                                    • Further Sources and Contacts

                                                                                                                                                      • Trade associations
                                                                                                                                                        • Trade magazines
                                                                                                                                                          • Trade exhibitions

                                                                                                                                                          Companies Covered

                                                                                                                                                          To learn more about the companies covered in this report please contact us.

                                                                                                                                                          Estate Agents - UK - January 2017

                                                                                                                                                          US $1,236.29 (Excl.Tax)