Streets still paved with gold

Analysis of the UK estate agency elite purely by the value of their sales listings has shown nuggets of gold.  Or, since we are almost certainly talking super-rich buyers here, Russian roubles.

The survey, by property search engine and portal home.co.uk, shows one London agency, Mercer Pasqua, with an average asking price of over £5.75 million. The average asking price in the top 20 offices is a jaw-dropping £4.33m – somewhat ahead of the average UK price of around £170,000.

Altogether the top agencies, all in London,  have listings valued at asking prices of over £3.2bn, with potenial fee income running into the millions.

The survey has also revealed the indisputable domination of Knight Frank, who run six out of the top 20 branches.

Oh well, it’s nice in these beleagured times to think that there are some buyers who don’t have to worry their elite heads about something as dull as the credit crunch.

Table 1: The TOP 20 UK Agency Offices by Average Asking Price

Key:

Column 1: Average Asking Price
Column 2: Number of properties for sale
Column 3: Agency and branch with postcode

   
£5,786,500    10    Mercer Pasqua - Mayfair Sales and Lettings    W1J 6HE
£5,301,670    24    Ian Green Residential    NW8 7BA
£5,295,570    13    Humberts, Chelsea    SW3 3AD
£5,214,770    66    Aston Chase - NW1    NW1 6XU
£5,140,990    20    Lexingtons    NW3 5AS
£5,036,330    15    Strutt & Parker, Kensington    W8 4BU
£4,535,810    18    Off Market Properties Ltd    W8 5PG
£4,401,040    24    Beauchamp Estates - St. John's Wood    W1J 7TF
£4,255,370    54    Savills, Sloane Street    SW1X 9AY
£4,116,730    26    Knight Frank, Mount Street    W1K 3NN
£4,004,990    54    Knight Frank, Hampstead    NW3 1DN
£3,948,670    124    Knight Frank, Country Department    W1S 1HZ
£3,919,850    37    Bargets    NW1 4SH
£3,916,250    24    Knight Frank - Chelsea Sales    SW3 5UU
£3,759,090    11    Wellbelove Quested    SW1W 9JR
£3,660,180    28    Dominics Estate Agents    SW7 4QT
£3,655,290    51    Savills, Knightsbridge    SW3 1HQ
£3,583,100    105    Knight Frank, Belgravia    SW3 3DD
£3,571,250    16    Wetherell & Co, Mayfair    W1K 2TH
£3,476,050    38    Knight Frank, Kensington    W8 4DB