Connells Group has reported a 19% rise in pre-tax profits for 2025, delivering £73.1m despite what it described as a “stop-start” housing market.
Group revenue climbed 9% to £1.16bn, as improving confidence and a gradual stabilisation in activity helped drive performance across sales, mortgages, lettings and surveying.
The business facilitated 86,000 property exchanges during the year – around one in 10 of all UK home sales – and generated £33.3bn of lending for UK mortgage providers.
Mortgage activity proved a key growth driver, with arranged mortgages up 9% year-on-year. Survey and valuation volumes increased 7%, while the lettings portfolio expanded to more than 128,000 properties.
STRONG PERFORMANCE
The group also completed 13 acquisitions across residential and commercial markets, alongside continued investment in technology and digital services.
Helen Charlesworth, CEO of Connells Group, says: “2025 marked a meaningful step forward for the housing market. The year began strongly, supported by increased activity ahead of the March stamp duty deadline, which accelerated transactions in the first quarter.
“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.
“Against this backdrop, Connells Group delivered a strong performance, growing profitability, supporting more customers and continuing to strengthen our market position.”
CAUTIOUSLY OPTIMISTIC
She adds: “What makes these results especially pleasing is the progress we have made in modernising the homebuying and selling journey.
“Our investment in technology, data and digital services is enabling our colleagues to deliver an even better experience for customers, while partnerships across the industry are helping us shape a more streamlined process for everyone involved.”
Looking ahead, Charlesworth says: “As we look to 2026, we have reasons to be cautiously optimistic. Mortgage rates are easing, economic indicators are moving in the right direction, and we begin the year with a healthy sales pipeline.
“We will continue to invest in our people, our branches and our technology, ensuring we’re well placed to help even more customers, whatever the market brings.”
