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

UK Estate Agents Earn Average of £30.93 Per Day During Sales Process

Estate agents in the UK generate an average of £30.93 per day in commission while progressing a property sale from instruction to completion, according to research from eXp UK. The analysis is based on average estate agency fees, regional house prices, and transaction times.

The national average estate agency fee is 1.42%. Applied to the average UK house price of £270,080, this results in an estimated commission of £3,835 per completed sale. With the average transaction taking 124 days to complete, this equates to £30.93 in commission revenue per day for agents.

Regional Variations in Daily Commission

London agents earn the highest daily commission, with an estimated £7,848 per transaction and £60.37 per day, despite an average completion time of 130 days. The South East follows at £40.54 per day, and Northern Ireland at £39.60 per day, where the fastest average completion time in the UK is 71 days. Agents in the East of England (£36.45), the South West (£32.55), and Scotland (£32.44) also exceed the national average.

The North East records the lowest daily commission at £19.81, with a fee per transaction of £2,317. Wales is second lowest at £22.35 per day, reflecting the longest average completion time in the UK at 135 days. Yorkshire and the Humber (£23.07), the North West (£24.55), and the West Midlands (£26.03) also fall below the national average.

Transaction Timelines and Market Trends

The research highlights that estate agents often wait months before seeing returns for their work, with regional market dynamics such as property values and transaction timelines influencing earning potential. The report also notes that traditional agency models often require agents to share a significant proportion of revenue with employers. The growth of self-employed estate agency has allowed agents to retain a larger share of fees and build their own businesses, which is particularly relevant given the lengthy transaction periods.