eXp UK Reports Industry-Leading Growth in the UK: New Data Shows
Over 242% growth for new agent-centric model estate agency.
eXp UK’s market share is growing at a rapid rate in both new instructions and sales agreed thanks to the success of its agent-first, self-employment ethos. The data from TwentyEA compares the performance of the top 50 estate agency brands in the UK from the whole of 2020 to the whole of 2021, with eXp UK seeing growth of over 242% in sales agreed in 2021 compared to 2020 – over three times the volume of growth in comparison to the nearest competitor.
It also saw growth of 172% in that period for number of instructions, the leading rate in the top 50. This vastly overtakes their 69% growth in agent numbers, demonstrating the success that each of the 270+ eXp UK agents are achieving.
eXp UK International Expansion Leader Adam Day explained: “I’m confident the market share growth we’re experiencing is down to the quality of agent we’re bringing on board, all of which must have a minimum of two years’ experience. By focusing on bringing in ambitious, dedicated and talented agents and giving them all the support and tools they need to build their own personal brands to be successful, the agents are able to deliver a much more personalised, tailored experience to the client.
“The overwhelming feedback from eXp UK agents is that the autonomy they have over their business, as well as the time they’re able to dedicate to each client is a major element of their success. We’re looking to continue growing at this rate and look forward to working with new self-employed personal agents powered by eXp UK.”
eXp UK came to the UK in 2019 and is part of the global brand eXp Realty, which operates in 19 countries across five continents with over 75,000 agents worldwide.
All agents have exclusive access to eXp World, a collaborative and immersive virtual reality platform which allows agents to connect with each other all across the globe.
eXp Realty’s holding company eXp World Holdings, reported a record full year revenue of $3.8 billion in 2021.
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About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the fastest-growing real estate company in the world with more than 75,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany and the Dominican Republic and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.
For more information, visit https://expworldholdings.com.
About eXp UK:
eXp UK is the fastest growing estate agency business in the UK, with a market share growth of over 240% in 2021 compared to 2020. eXp UK has attracted over 270 agents across the UK since launching in November 2019. eXp UK is for the modern agent, empowering members to take ownership of their careers and enjoy the flexibility and control gained from being self-employed.
eXp UK agents are supported with state-of-the-art technology and resources to help grow their business and provide the highest quality, tailored service to their clients without the traditional overheads. All eXp UK agents must have a minimum of two years’ experience and are encouraged to create their own personal brand.
eXp UK agents earn 70% commission on all sales up to the point when they have generated commissions of £80,000. After this point, the agent receives 100% of the commission for the rest of the year, bar a flat £250 per transaction; one of the most competitive commission offerings in the UK.
As a branch of eXp Realty, eXp UK sits within the fastest-growing estate agency business in the world with more than 75,000 agents in 19 different countries across five continents, and continues to scale internationally.
Leading eXp’s expansion into the UK is International Expansion Leader, Adam Day. Adam has been in the industry since 1997 and is considered an early pioneer of ‘online estate agency’, having founded one of the first digital estate agencies in 2006, Hatched.co.uk.