The Property Franchise Group (TPFG) is the UK’s largest property franchise business and manages the second largest estate agency network and portfolio of lettings properties in the UK, following its acquisition of Hunters in March 2021. The Group benefits from a high quality of earnings given the visibility and recurring nature of lettings revenue. While H1'21 results were characterised by an extremely strong sales market given the Stamp Duty holiday, we would expect to see lettings revenue comp ....
