Number of UK Estate Agents Increases Significantly in Last Year – GetAgent

Number of UK Estate Agents Increases Significantly in Last Year – GetAgent

Analysis

The UK estate agency market has seen a significant increase in the number of agents over the last year, according to a recent analysis by GetAgent. The analysis found that the number of estate agents in the UK has grown by nearly 6%, from 20,836 in 2018 to 22,056 in 2019. This is the largest increase in the number of estate agents since 2015.

The analysis also found that the number of estate agents in London has increased by more than 10%, from 4,914 to 5,420. This is the largest increase in the number of estate agents in London since 2011. The number of estate agents in the South East of England also increased significantly, from 3,715 to 4,073.

The increase in the number of estate agents is likely due to a number of factors. Firstly, the UK housing market has been performing well over the last year, with house prices increasing and demand for housing remaining strong. This has led to an increase in the number of people looking to buy or sell a property, which has resulted in an increased demand for estate agents.

Secondly, the UK government has introduced a number of measures to help first-time buyers get onto the property ladder. This includes the Help to Buy scheme, which has enabled more people to purchase a property and therefore increased demand for estate agents.

Finally, technology has also had an impact on the estate agency market. The rise of online estate agents has made it easier for people to buy and sell properties without having to use a traditional estate agent. However, this has also led to an increase in the number of traditional estate agents as they are able to offer more services than online estate agents.

Overall, the analysis by GetAgent shows that the number of UK estate agents has increased significantly over the last year. This is likely due to a combination of factors, including an increase in demand for housing, government initiatives and the rise of online estate agents.

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