EweMove is staying strong despite the current challenges within the housing market, with its reported performance for the first half of 2018 remaining positive.
Its parent company, The Property Franchise Group, has announced that EweMove and its other brands have had a strong start to the year, something that will hopefully continue for the last four months of 2018. Revenues increased by 11% from the same period in 2017, jumping from £4.7m to an impressive £5.3m. Management service fees, too, rose by around 15% to £4.4 million, indicating there were plenty of customers that took advantage of EweMove’s expert advice on how to manage rented properties, and the number of tenanted properties rose by 6%.
Chief Executive of EweMove’s parent brand, Ian Wilson, said that the strong start to the year is good news for the company and explained why he thinks its business model is performing well.
“We remain confident that our franchise model of local business owners, allied to a central support infrastructure, can outperform both small independent estate agency businesses and the large corporate players, and have demonstrated that we can gain an increasing share of the developing online agency market. As such, we will continue to leverage our scale and strong financial position to capitalise on the opportunities both on the high street and online."
Founded in 2014 by friend David Laycock and Glenn Ackroyd, EweMove lays claim to the title of the UK’s first local hybrid agency that deals with sales and letting with equal expertise. It’s committed to making property matters straightforward and finding a simpler way for its customer to buy, sell, let and rent homes that are right for them, with unique 24/7 customer support in case of any emergencies. It’s been awarded the status of the No.1 Most Trusted Estate Agent on Trustpilot and now has over 170 local property experts online and in branches across the UK.
Sophie Cole, Point Franchise ©
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