Q1 sees online agent market share grow

Q1 sees online agent market share grow

Recent research has revealed that the market share of online agents grew by 11% during the first quarter of 2018.

The analysis from twentyci indicates that they now represent 7% of the total market share, equating to 14,846 exchanges. This can be compared to 205,133 exchanged by high street agents.

The firm also stated that in general, total exchanges had grown by almost 8% in comparison with the correspondent period in 2017.

Whilst growth could be seen on yearly basis, almost nationwide, there were significant variations across the regions. For example, though exchanges rose by 18% in the North-east, in the South-West, they grew by just 1%.

Where listings were concerned, however, the firm only recorded an uplift of 1%.

Georgia Owen

Georgia is the Content Executive and will be your primary contact when submitting your latest news. While studying for an LLB at the University of Liverpool, Georgia gained experience working within retail, as well as social media management. She later went on to work for a local newspaper, before starting at Today’s Conveyancer.

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