Estate agents in Northampton collectively pocketed more than £14 million in fees in one year, latest figures show.
In what could be a sign of a burgeoning housing market, HM Revenue and Customs figures reveal that last year £14.8 million was earned on transactions in Northampton.
That was based on 4,051 properties sold in that 12 month period at an average price of £173,736.
Not surprisingly, London tops the estate agent fees chart. The average price of a London property in 2013 was £325,414 and the total number of properties sold during 2013 just under 88,000. The total amount of percentage-based fees paid to London estate agents was almost £600m. That was more than 12 times the total amount of agent fees paid by home sellers in Bristol (£49m).
Alex Gosling, managing director of home buying website Housesimple.co.uk, said he believed websites were attracting more sellers because of their lower fess.
He said: “Clearly not every homeowner will sell online, but the fact is that there is now a genuine alternative to selling through a high street agent.”