Editor's note: This brief was summarised by The Property AI Newsroom from a report by The Negotiator. Read the original article for full details.

Average Daily Estate Agent Commission Revealed Across UK Regions

Estate agents in the UK are earning an average of £30.93 per day for progressing each property transaction, according to new figures released by EXP UK. The data highlights significant regional differences, with agents in London earning nearly double the national average.

EXP UK analysed average estate agency fees, house sold prices, and estimated completion times across the UK property market. The research found that agents in London earn £60.37 per day, reflecting higher home values in the capital. In contrast, the North East records the lowest daily commission rate at £19.81.

Northern Ireland stands out with one of the strongest earning rates at £39.60 per day, attributed to the fastest average completion time of 71 days. Nationally, the average transaction takes 124 days to complete, with agents charging an average fee of 1.42%. Based on the average UK house price of £270,080, this results in an estimated commission fee of £3,835 per completed sale.

The findings underline how regional house prices and transaction times can significantly influence earning potential for estate agents. The research also notes that property values, transaction timelines, and local market conditions all play a role in shaping the commercial environment for agents.

These insights are particularly relevant for UK letting agents and inventory clerks, as they reflect the varying commercial dynamics and earning opportunities across different regions.