The real estate agents of the United Kingdom face the Heeding competition, with the estimated number of real estate agencies that have increased by almost a quarter since 2017.
Expo UK’s latest research has revealed that the estimated number of real estate agencies has increased by 24% since 2017, and this figure is expected to continue rising in the coming years.
Expo UK analyzed our data on the number of real estate agencies registered throughout the United Kingdom and how this level of competition has changed since 2017.
The analysis shows that there were about 25,155 real estate agencies registered in 2024. This marked a 24% Versus 2017 jump, with an estimated annual average of 691 new registered real estate agencies each year between 2017 and 2024.
The northeast has been the greatest increase in the competition of the real estate agency at this time, with the number of agencies registered in 34%, with the northwest (+30%), Scotland (+28%), London (+28%) and Yorkshire and Humbereax.
In fact, each area of the United Kingdom has seen an increase in the number of real estate agencies duration of this period and the United Kingdom exhibition predicts that we are established to see more competition enter the market in the coming years.
Expo UK predicts that there will be a 4% increase in the number of real estate agencies registered throughout the United Kingdom at the end of this year.
The firm also predicts that 2026 will see the increase in the figure by an additional 3% in 2026, which takes the number of real estate agencies of the United Kingdom to almost 27,000.
Chief of Expo UK and Europe, Adam Day, commented: “We have seen that market conditions significantly improve in the last year or so and this crushed activity, together with the stable growth of housing prices, improving the affordability of mortgages and the largest agency of the largest of those that Turne agrees to the property according to the skateboard of the skating tile Ecline for Ecleater Tine Agrate agree on the number of agents operating within the market.
“If the course, a greater degree of competition can be problematic when it comes to profit margins, retaining talent and maintaining the market position and, therefore, although a buoyant market is great news for nations agents, they cannot afford to rest in their laurels.”
