In 2014, 47 per cent of the sales concluded by Frank Salt Real Estate were to foreign buyers.
Last year was the best year ever for Frank Salt real estate, with sales revenue up by 48 per cent. Sales turnover saw an increase of 38 per cent, spread throughout the 14 sales and letting branches of the company.
The value of property sold also increased, and notwithstanding the increase in sales in the first time buyer market thanks to the government exemption on stamp duties, the company also expanded in other markets, including second time buyers, and the investment market, with an increase of 45 per cent and 65 per cent respectively over the previous year.
Throughout the year average earnings by property consultants increased by 31 per cent, thanks to healthy market conditions, as well as to a number of financial incentives for its property consultants introduced at the start of 2014.