Home Residential Property UK estate agents selling 3.5 homes per month

UK estate agents selling 3.5 homes per month

by LLP Editor
3rd Dec 21 11:56 am

Research by Nested, the modern estate agent, has revealed where the UK’s estate agents have been rolling up their sleeves in 2021 and selling the most homes.

Nested’s market analysis looked at sales volumes levels so far in 2021 in relation to the number of estate agents operating in each region of the UK to see where was home to the highest number of sales per agent on a monthly basis.

Their latest research shows that 526,085 homes have sold across the UK so far this year, an average of 75,155 per month. With almost 22,000 agents operating within the market, that’s an average of 3.5 homes sold by every agent on a monthly basis.

When it comes to selling the most, Scotland ranks top for estate agent performance. Across the region, 64,550 homes have sold so far in 2021, an average of 9,221 per month. With some 1,195 estate agents operating in the region, this equates to 7.7 homes sold per month for every agent – by far the highest number of all UK regions.

Yorkshire and the Humber ranks second, with an average of 5,859 homes sold per month in 2021 equating to 5.2 property sales per estate agent in the region.

The East Midlands takes third place with 4.7 homes sold per agent on a monthly basis so far this year, while the North West, Wales and South West have also seen an average of four homes sold per agent each month.

In London, a respectable 52,953 property sales have taken place so far this year – 7,565 a month on average. However, with more than 5,000 agents fighting it out across the capital, this equates to just 1.5 homes sold per agent on a monthly basis, placing the capital last in the list.

Head of Commercial at Nested, Alice Bullard, commented: “Scotland takes the spoils when it comes to the most homes sold per agent so far in 2021, but it’s been a pretty successful year across the board as high levels of market activity have presented plenty of opportunity for estate agents up and down the nation.

“Of course, there will be many who have excelled in their respective markets and outperformed the wider regional benchmark but we can all be proud of the contribution we’ve made in keeping the market moving over the last 18 months, regardless of how big or small that contrition may be.”

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