The Property Franchise Group slowdown after previous stellar results
Summary
The Property Franchise Group reported slower first-half growth after a strong prior year, with revenue and franchising income still rising but housing transaction volumes down 4% year on year. The group highlighted stable managed lettings numbers, ongoing support for network firms on the Renters’ Rights Act, and new AI-enabled products as part of its strategy.
Why it matters
The update reflects current trading conditions in the sales and lettings market, which can affect agency activity, transaction flow and valuation sentiment. The mention of Renters’ Rights Act implementation is also relevant to surveyors working alongside landlords, agents and property managers.
Key points
- Group revenue rose 7% to £43.3 million in the first half.
- Franchising revenue increased 8% to £24 million.
- Housing transaction volumes were 4% lower than in the same period last year.
- Managed lettings portfolio remained at 149,000 properties.
- TPFG said it is supporting its network through implementation of the Renters’ Rights Act.
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