Leading real estate agency groups in the UK 2016-2017, by pre-tax profit

This statistic shows the first-half results of real estate agency groups in the United Kingdom in 2016 and 2017, by pre-tax profit (in million GBP). The United Kingdom currently witnesses a sharp division between traditional high street brands and upcoming online agencies, such as Purplebricks and Zoopla. Countrywide, the group which runs the UK’s largest chain of residential estate agency brands, suffered a decrease in pre-tax profit from 24.3 million pounds to 447,000 pounds in the first six months of 2017. The main reasons for this decline are the rise of online competitors, the uncertainty of the upcoming Brexit along with the introduction of a stamp duty surcharge for second and additional properties since April 2017. Between the third quarter of 2016 and the third quarter of 2017, the number of transactions made in property purchases and rentals by online agents reached approximately 14,000.