This Market Assessment report looks at how the leading residential estate-agency chains are shaping up to the challenges of the future.
April 14, 2007 (Press Release) --
Estate Agents and Services Market Assessment 2006
This Market Assessment report looks at how the leading residential estate-agency chains are shaping up to the challenges of the future. The main objectives are to examine the structure of the residential estate-agency business sector in the UK, investigate the impact that trends in society, the economy and technology are having on the structure of residential estate agency, and to suggest likely changes in the estate-agency sector.
Sales and acquisitions had a significant impact on the leaders in UK estate agency between 2001 and 2006. Friends Provident's estate-agency business was sold to the market leader, Countrywide, in September 2002. In October 2004, Countrywide purchased Bradford & Bingley's chain of estate agencies. The insurer Aviva sold its Your Move estate agencies in July 2004 to Lending Solutions, funded by Barclays Private Equity. Lending Solutions acquired control of Reeds Rains in 2005. Royal & SunAlliance sold its estate agencies to the Skipton Building Society's Connells in October 2003.
There are around 11,800 estate-agency offices in the UK, approximately 10,800 of which are in England and Wales. There are four main categories: national agents selling and letting exclusive, expensive properties; mass-market national agents (headed by the three largest — Countrywide, Connells and Lending Solutions with Your Move and Reeds Rains); mass-market regional agents; and smaller independents. Affinity groups and franchise organisations cater well for the smaller businesses. Four of the five leading groups see franchising as their best way ahead.
The rise of buy-to-let has greatly increased the demand for property lettings specialists. The Association of Residential Letting Agents (ARLA) has a crucial role in raising professional standards in the lettings sector. Around 1,500 offices are affiliated to ARLA. Buy-to-let landlords are building portfolios. In December 2005, more owned three to five properties than either one or two.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=10007
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
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This Market Assessment report looks at how the leading residential estate-agency chains are shaping up to the challenges of the future. The main objectives are to examine the structure of the residential estate-agency business sector in the UK, investigate the impact that trends in society, the economy and technology are having on the structure of residential estate agency, and to suggest likely changes in the estate-agency sector.
Sales and acquisitions had a significant impact on the leaders in UK estate agency between 2001 and 2006. Friends Provident's estate-agency business was sold to the market leader, Countrywide, in September 2002. In October 2004, Countrywide purchased Bradford & Bingley's chain of estate agencies. The insurer Aviva sold its Your Move estate agencies in July 2004 to Lending Solutions, funded by Barclays Private Equity. Lending Solutions acquired control of Reeds Rains in 2005. Royal & SunAlliance sold its estate agencies to the Skipton Building Society's Connells in October 2003.
There are around 11,800 estate-agency offices in the UK, approximately 10,800 of which are in England and Wales. There are four main categories: national agents selling and letting exclusive, expensive properties; mass-market national agents (headed by the three largest — Countrywide, Connells and Lending Solutions with Your Move and Reeds Rains); mass-market regional agents; and smaller independents. Affinity groups and franchise organisations cater well for the smaller businesses. Four of the five leading groups see franchising as their best way ahead.
The rise of buy-to-let has greatly increased the demand for property lettings specialists. The Association of Residential Letting Agents (ARLA) has a crucial role in raising professional standards in the lettings sector. Around 1,500 offices are affiliated to ARLA. Buy-to-let landlords are building portfolios. In December 2005, more owned three to five properties than either one or two.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=10007
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
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