Sales remain the predominant source of income for most estate agency brands, research claims.
The analysis warns that agents shouldn’t ignore lettings though as rising house prices and the need for larger deposits could push more would-be first-time buyers into the rental market instead.
The research, based on company reports and data from The Property Ombudsman, found that sales now account for an estimated 53% of branches versus a 47% market share for lettings branches.
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