eXp UK named as nation’s fastest growing estate age...

Self-employed agency network eXp UK has been named as the fastest growing brand when it comes to new instructions and number of listings marked as sold subject to contract (SSTC).

Data provided by TwentyEA, part of the TwentyCI Group, has revealed which of the nation’s estate agents rank within the top 50 in terms of growth in new listings and homes marked as SSTC when in the first quarter of 2023 compared the same period last year.

The figures show that eXp UK ranks top for new instructions, having listed 99% more new homes for sale during the first quarter of this year compared to the same period in 2022.

Foxtons ranks second, having listed 48% more homes.

Additionally, eXp UK has seen a 45% increase in the number of homes being listed as sold subject to contract during the first three months of this year versus the same period last year. Just one other agent has seen positive movement in this respect, with Foxtons seeing an increase of 2%.

These figures make eXp UK the 11th largest agency brand, the data suggests.

Adam Day, head of eXp UK, said: “Our network of outstanding agents has worked tirelessly to help drive our growth ambitions within the UK market and it’s great to see the fruits of their labour now starting to show, as we lead the way both in terms of new business won and the conversion from listing to sold subject to contract.

“This is no mean feat given our relative infancy as a UK entity compared to many of the other long established names within the sector and demonstrates the pedigree of the people we employ, all of whom benefit from the flexibility and financial freedom that the self-employed model provides.

“We’re only just getting started and while we’re over the moon with our latest growth and our position as the UK’s eleventh largest agency, we won’t be content until we sit atop of the table as the UK’s largest estate agency brand.”