The UK estate agent industry is estimated to be worth £9.1 billion, with a growth rate of -7.1% per annum between 2016 and 2021. Industry revenue is estimated to increase at a compound annual rate of 4.1% over the five years through 2025-26, reaching £11.2 billion. In 2021, 134,095 real estate businesses were operating in the UK, with 95 of these businesses being large enterprises that employed 500 or more people.
The estate agent industry displays a low level of technological change. The recent rise of property sites such as Zoopla has resulted in the majority of people looking for a property using these sites. Therefore, the level of investment into online presence and using these sites has increased.
Many estate agencies use the hybrid business model, which is a mix of traditional product sales with hardware, software, or cloud services. The hybrid business model is also known as proptech (property technology). The best proptech estate agents in the UK are:
These three factors bring a bright and stable outlook of the fashion industry in the UK and how it combines both art and business successfully.
Most people use the services of an estate agency to sell or rent their home, so the market is huge – and there is also the commercial property market, which some agents specialise in. An estate agency business can be very profitable. It is somewhat of a misconception that estate agents charge high fees for doing little work – they usually do more than you think, and the work can be stressful and involve a lot of setbacks.
Real estate services are no longer a traditional business in the UK. It comes with technology and attracts many investors as this business can stay long-term. The average number of proptech investments has increased, and 27% of start-up CEOs predicted it would be harder to raise venture capital as a competitive business. However, if you prepare a thorough business plan with an eye-catching and relevant pitch deck, your investment opportunities will increase. Feel free to contact our experts at +44(0) 203 637 6137 if you want to make your business ideas come true.
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