Pressure on interest rates from the mini-budget forced a small dip in pre-tax profits at Belvoir, down slightly to £9.1 million from £9.3 million, the franchise group reported this morning.
Read MoreBelvoir reports record revenue after £4 million jump
Revenue at Belvoir Group increased to a record £33.5 million from £29.6 million in 2021 buoyed by an increase on rents on new tenancies increasing by 10.8% during 2022.
Read MoreMortgages and ‘new focus on lettings’ drives Belvoir growth
The property franchise and financial services group increases revenue to £15.4 million, driven by financial services and a renewed focus on lettings
Read MoreEstate agents offered chance to set up own hybrid business
Mr and Mrs Clarke has launched a new loan offering for agents who want to make the leap and become their own boss.
Read MoreBelvoir Group reports brisk trading in lettings but 24% drop in sales transactions
Industry corporate says increased rental transactions mitigated the drop in number of homes coming to the market as sales 'normalises'.
Read MoreBelvoir Group rebrands as business becomes a multi-agency affair
Grantham-based business says its more sober image is designed to reflect its increasing involvement in the financial services sector.
Read MoreBelvoir snaps up hybrid estate agency Mr and Mrs Clarke
The deal, which is for an undisclosed sum, is said to fit Belvoir's strategy of buying up franchised estate agency competitors with potential for growth.
Read MoreGrowing hybrid estate agency says it will have 100 territories by end of next year
Estate agency Mr and Mrs Clarke says Covid has been a game changer for the business, creating a deluge of applications to become a partner.
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