Gosforth property group iamproperty reveals £12m turnover

iamproperty has revealed its half-year results to June 2019.

The Newcastle-based company, which offers end-to-end services to estate agents, has seen its turnover increase by 16 per cent to £12.6m.

iamproperty’s flagship brand, iamsold, is said to be the UK’s largest independent residential auctioneer and pioneer of the Modern Method of Auction (MMOA).

iamproperty has celebrated its 10th anniversary this summer, and now works with around 2,500 estate agency branches nationwide.

Since its inception in 2009, the real estate firm has sold over 16,500 properties through auctions, and is aiming to complete 4,000 auction sales this year for the first time.

Jamie Cooke, managing director at iamsold, said: “Our business is on course for another record-breaking year in terms of revenue and property sales – testimony to the hard work from our entire team.

“As MMOA continues to grow as a category for residential property sales, it’s crucial that we develop and strengthen our market-leading capabilities across technology and compliance and to be at the forefront of industry best-practice.

“We are in a strong position to maintain our growth. In the short-term we want to expand our offering to estate agents, by giving them a one-stop-shop of modern solutions that help them to provide exceptional customer experiences.”

iamproperty now employs 185 people, mainly working at its headquarters in Gosforth.

Earlier this year, iamproperty received a minority investment from mid-market private equity house LDC to support the company’s growth. LDC has backed the company’s existing management team to support its growth strategy.

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