The company that operates the TPFG group of franchised estate agencies says its franchisees saw a 247% increase in their sales agreed pipeline and a 118% increase in revenues during the first half of the year.

The extraordinary pick-up in the housing market prompted in part by the Chancellors stamp duty holiday but also pent-up demand following months of lockdowns gave TPFG, which owns multiple industry brands including Hunters, Martin & Co and Ewemove, a huge shot in the arm.

“We are delighted to report that the first six months of trading have been an exceptional period for the Group,” says Chief Executive Gareth Samples (pictured).

“The UK’s housing market has seen activity levels that I have not witnessed before in my career, supported by peoples’ desires to move homes.

“We had the resources and capabilities to make the most of the exceptionally busy housing market and deliver a first-class service to those looking to buy, sell and let.

“Prior to the start of this year, we had enhanced the Group’s senior management team and have continued to do so, offering our franchisees advice and support commensurate with their scale and ambitions.

“This, coupled with the acquisition of Hunters and our partnership with LSL, has undoubtedly supported us in our mission to be the UK’s leading property franchisor.”

Results at the head office operation have improved correspondingly with revenue more than doubling to £11.4 million compared to the same period last year, and its royalties from franchisees jumping by 69% to £7.1 million.