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Agents call the recovery and look to profit

Almost 90% of the UK’s top agents expect turnover to rise this financial year, compared with just 57% last year, as the property market steadily returns to health.

The 47 companies surveyed for the Estates Gazette Top Agents league were upbeat about 2012 and the year ahead in particular, with 78% expecting a rise in profit, compared with 48.9% this time last year.

Just over 70% of firms expect to see staff numbers rise in this financial year – a 30% leap from the results in last year’s survey.

The leading four agents retained their positions at the top of the league table, with Savills taking the top spot for the second year in a row, aided by its residential business.

The firm reported a 13% rise in turnover for the year ending December 2012 to just under £400m.

Jones Lang LaSalle held the number two position for a second year, with CBRE and Knight Frank following.

Deloitte Real Estate reported the next highest turnover, coming in at number five.


See also: Top Agents survey

Emily.Wright@estatesgazette.com

 

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