Real Estate Agencies in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 13:58:01
The sale of residential property is by far the largest business segment for the real estate industry, accounting for almost 60.0% of all revenue. As a result, the housing market crash during the start of the five-year period through 2013-14 had a devastating effect on the industry.
Industry revenue fell by 16.7% and 7.5% in 2008-09 and 2009-10 respectively. In addition to the housing market crash, the fall in number of non-residential transactions also contributed to the fall in revenue. Therefore, the five years through 2013-14 have mainly been about the recovery. However, the recovery has been slow and volatile.
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