Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Rent Guarantee Drives Revenue Growth for Property Franchise Group
The Property Franchise Group, which operates several High Street agency brands, has reported increased lettings franchise revenue and a stable managed portfolio.
According to Letting Agent Today, the group’s lettings franchise revenue rose by 2% to £10.6 million in the first half of this year. The managed lettings portfolio remained resilient, with 149,000 properties under management.
These figures were shared with shareholders and reflect ongoing stability in the group’s lettings operations.
Source: Letting Agent Today