Are independent letting agencies in danger of mergers?
Mergers between small and large agencies are becoming increasingly popular in the lettings industry. But are all small agencies in danger of consolidation?
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Mergers between small and large agencies are becoming increasingly popular in the lettings industry. But are all small agencies in danger of consolidation?
Spotting the right opportunities in lettings is key to any agency's business success, as Neil Baldock, Director at Charles David Casson, explains.
Stratfords is a family-run agency that has successfully relied on organic growth for many years - but now recognises that it needs to actively grow to survive, as explained by Luke Thirkettle, Director of the agency.
It's a time of consolidation in the lettings industry, with frequent agency acquisitions and mergers across the UK as investors see opportunities while smaller agencies feel the bite of legislation, as Abigail Wilks, Head of Lettings & Asset Management at Redbrik, explains.
This South Yorkshire and North Derbyshire-based estate and lettings agency has made three acquisitions in recent times and has picked up some handy tips to share with other agents on how to make your acquisition a success.
The lettings market will likely see more consolidation in the coming years, which provides an opportunity for agencies who are looking to grow their managed portfolios.
Growth by acquisition has been the focus for a Luton agency, which has grown its managed portfolio from nothing to almost two hundred properties in just two years.
Purchasing another agency is a complicated process, but can help you achieve growth much quicker if managed well, says a Joint Venture partner at a student accommodation provider that's expanded nationwide.