Connells Group has reported a 9% increase in group revenue to £1.16 billion for 2025, with profit before tax rising 19% to £73.1 million.
The estate agency network facilitated 86,000 property exchanges during the year, representing approximately one in ten of all UK home sales, and generated £33.3 billion of lending for UK mortgage providers.
Market activity and performance drivers
The company attributed its results to higher mortgage activity, with arranged mortgages up 9%, increased demand in lettings, and a 7% increase in survey and valuation volumes. The group completed 13 acquisitions during the year across residential and commercial markets.
The lettings portfolio expanded to over 128,000 properties, whilst the company continued investment in technology infrastructure and digital customer services.
Helen Charlesworth, CEO of Connells Group, noted that 2025 began with increased activity ahead of the March stamp duty deadline, which accelerated first-quarter transactions. “While momentum eased in the second half amid uncertainty surrounding potential property tax changes, clarity following the Government’s November Budget helped restore confidence towards the year end,” she stated.
Outlook for 2026
Charlesworth indicated the company enters 2026 with a healthy sales pipeline, citing easing mortgage rates and improving economic indicators. The group plans to continue investment in staff, branch network and technology systems.
The results suggest a gradual stabilisation in UK housing market activity following a period of volatility linked to tax policy changes and economic uncertainty. The performance of one of the UK’s largest agency networks provides an indicator of broader market trends, with mortgage arrangement volumes and lettings demand showing year-on-year growth.
