Yopa records positive start to 2020
Yopa has recorded improvements to the start of 2020 compared to 2019 figures.
Yopa saw a 38% increase year-on-year in revenue, along with a 40% yearly reduction in costs.
There was also a 43% increase in income per listing year-on-year, whilst agent tenure was up 29%.
Agent earnings saw a steep increase of 74% year-on-year.
Yopa saw 9,000 new buyers registered a month, and reached seventh across the industry for share of listings in January according to Rightmove.
Grenville Turner, chairman at Yopa, said: “We’re delighted to see that the strides we took in the second half of 2019 are turning into real results.
“Yopa’s performance in January is very encouraging – as is the business pipeline.
“It’s pleasing to see that revenues for our business partners and Yopa itself are ratcheting up whilst we continue to deliver an award-winning service to our customers.
“Further, our business partner base is both increasing in tenure and expanding, and agent earnings are up 74% year-on-year.
“It appears that the current window of political and economic stability is tempting both sellers and buyers into the market, and we are in a fantastic position to service this demand.”
Yopa agents across the country are now backed by two contact centres in Watford and Hinckley.
Yopa’s Trustpilot score has remained Excellent, with 88% of all Yopa reviews are 5/5.
Turner added: “At Yopa, we are committed to offering a complete, end-to-end home selling service for a fair, fixed fee.
“Our focus has always been helping both vendors and buyers enjoy a smoother move by taking some of the worry and hassle away from what can be a very stressful and expensive process.
“We’re delighted that our new measures are already yielding fantastic results for our customers and we’re in a great position to continue this success over the year ahead.”