In 2016, 1,061,557 properties sold with a total value of £223.74 bn by 19,981 estate agents.
To give that some context, in 2007, 1,581,727 properties sold with a total value of £405.56bn by 19,287 agents.
If average fees in 2007 were 1.5% and today they are nearer 1% .. that means £6.07bn of fees were split between 19,287 estate agents in 2017 and just over £2bn in 2016 by the same number of agents .. thank god for lettings income
To give that some context, in 2007, 1,581,727 properties sold with a total value of £405.56bn by 19,287 agents.
If average fees in 2007 were 1.5% and today they are nearer 1% .. that means £6.07bn of fees were split between 19,287 estate agents in 2017 and just over £2bn in 2016 by the same number of agents .. thank god for lettings income