Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 1.6 % over the past five years, to reach an estimated €4.2bn in 2024.
Trends and Insights
COVID-19 creates huge challenges for estate agents
- Stay-at-home restrictions combined with subdued consumer and business confidence resulted in plummeting property transactions and letting volumes during the height of the pandemic (2020).
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Strong government investment boosts the property market
- The government has put in place a number of initiatives that will help people purchase residential properties, expanding the market for estate agents.
Biggest companies in the Estate Agents in Ireland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 |
|---|---|---|
Aramark Property Services Ltd | 155.4 | |
Anatao Ltd | 38.5 | |
Colliers International Ireland | 36.8 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Residential lettings, Non-residential lettings and Residential transactions. Residential lettings is the largest segment of the Estate Agents in Ireland.
Trends and Insights
Strong house price inflation drives up revenue from residential transactions
- Estate agents generate the biggest chunk of their revenue from selling residential property and vacant residential land because the value of each transaction is high, supporting strong commission-based earnings.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Estate agents act as intermediaries, arranging the buying, selling, renting and leasing of property and land. They’re paid on a fee or contract basis, often in commission, although online estate agents tend to charge a flat rate. They also provide advice and appraisals in connection with buying, selling and renting property and provide escrow services.
What's included in this industry?
Residential transactionsResidential lettingsNon-residential lettingsNon-residential transactionsProperty valuation, tenant advice and property consultingCompanies
Aramark Property Services LtdAnatao LtdColliers International IrelandPurchase this report to view all 4 major companies in this industry.
Related Terms
IPAVCELTIC TIGERHELP TO BUYIndustry Code
SIC 68.31 - Estate Agents in Ireland
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
House price growth inflates revenue. Estate agents have benefitted from increasing property values, as their fees and commissions rise alongside residential prices.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Strong house price inflation boosts revenue. The surge in residential property prices has led to higher commissions for estate agents, fuelling their earnings.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Dublin's high population draws estate agents in. The city remains Ireland's most significant economic hub, attracting estate agents with its extensive market opportunities.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Low entry costs attract new estate agents. Start-up expenses are minimal for estate agents in Ireland – they need only a small retail space or office to begin operations. Onl...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
There are no major players in this industry. Although there’s a strong presence of international property services companies, most estate agencies are small and independent, ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Aramark Property Services Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Anatao Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Colliers International Ireland's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Aramark Property Services Ltd, and factors influencing its performance in the industry
- Description and key data for Anatao Ltd, and factors influencing its performance in the industry
- Description and key data for Colliers International Ireland, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Property Services Regulatory Authority enforces licensing and ethics. It mandates licences for auctioneers, estate agents and management agents, ensuring that all compani...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Dwindling property transactions hit profit. Unaffordability and high borrowing costs have cut into property volumes, limiting estate agents’ returns. Borrowing costs are fall...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Estate Agents industry in Ireland in 2024?
The market size of the Estate Agents industry in Ireland is €4.2bn in 2024.
How many businesses are there in the Estate Agents in Ireland industry in 2024?
There are 15,733 businesses in the Estate Agents industry in Ireland, which has grown at a CAGR of 1.0 % between 2019 and 2024.
Has the Estate Agents industry in Ireland grown or declined over the past 5 years?
The market size of the Estate Agents industry in Ireland has been declining at a CAGR of 1.6 % between 2019 and 2024.
What is the forecast growth of the Estate Agents industry in Ireland over the next 5 years?
Over the next five years, the Estate Agents industry in Ireland is expected to grow.
What are the biggest companies in the Estate Agents market in Ireland?
The biggest companies operating in the Estate Agents market in Ireland are Aramark Property Services Ltd, Anatao Ltd and Colliers International Ireland
What does the Estate Agents in Ireland include?
Residential transactions and Residential lettings are part of the Estate Agents industry.
Which companies have the highest market share in the Estate Agents in Ireland?
The company holding the most market share in Ireland is Aramark Property Services Ltd.
How competitive is the Estate Agents industry in Ireland?
The level of competition is high and increasing in the Estate Agents industry in Ireland.
Related Industries
Widen your competitive advantage with related industries
Competitors
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Complementors
View all industries in Ireland
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Ireland include:
- Central Statistics Office
- Department of Enterprise, Trade and Employment
- Irish Tax & Customs
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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