The UK’s estate agency sector is worth around £1.1 billion and the total value of the UK’s housing stock has risen to a truly staggering £7.39 trillion - more than three times the size of the country’s economy. It’s clear that this lucrative industry is ripe with opportunities for investors who are ready to make their fortune in bricks and mortar.
Looking to start a career in this profitable industry? A franchise could help you do just that. Here’s everything you need to know about the UK’s property and estate agency sector.
Always been interested in running an estate agency or property business? A franchise could give you the opportunity to start your very own unit in this exciting sector.
Whether you’d like to be the one helping people find their dream homes with a Century21 business or want to join Aspray and help people navigate the complex world of home insurance claims management, we’ve got lots of interesting options.
Take a look at our range of estate agency & property franchises to find the ideal brand for you.
Since the 1960s, when it was possible to buy a home for just £4,000 (around £72,000 in modern currency), property prices in the UK have risen steadily. House prices more than doubled during the 1980s, rising from an average of £25,000 to £55,000, and rose in value by an astounding £100,000 from the start of the millennium to 2005.
After a dramatic decline following the 2008 recession, house prices have now soared to an average of £245,000 (outside London). If they continue to climb at the same rate, it’s predicted that the average price will reach £419,000 by 2025. For context, if the price of a loaf of bread had risen at the same rate since the ‘60s, it would now cost £5.16 (compared to the £1 we pay on average).
Despite initial worries about the impact of the Covid-19 pandemic, residential property purchase numbers have remained strong. In December 2020, the number of property transactions increased by 32% year-on-year and the Land Registry’s UK House Price Index rose consistently throughout the year, meaning house prices were up by 8.5% year-on-year by December.
House prices are also predicted to rise by between 1-5% this year, meaning this rewarding sector will continue to be profitable for those who choose to start a business in it. But what’s the best way to launch your career in the estate agent & property sector? It might just be a franchise.
Here at Point Franchise, we showcase some of the most exciting franchise opportunities in the UK. Browse our range of estate agency & property franchises to discover the ideal business for you and find out more about how you can get your franchising journey started.