Forecast: Turnover of Real Estate Agencies in the UK

The turnover of real estate agencies in the UK has displayed fluctuation from 2013 to 2023, with a notable increase in 2015 and some declines, particularly in 2016 and 2020. In 2023, the turnover stood at 17.83 billion Euros. Over the previous two years leading up to 2023, the market exhibited modest increases of 7.72% in 2022 and 2.23% in 2023. The compound annual growth rate (CAGR) for the past five years, however, was relatively low at 2.21%.

Future trends to watch for:

- The forecasted period from 2024 to 2028 anticipates a steady growth with a forecast 5-year CAGR of 1.72% indicating a stabilization in the market.- Potential influences on future performance could include economic conditions, property market regulations, and technological advancements within the real estate sector.