Sourced targets at least £10m of estate and letting agency acquisitions

Sourced is accelerating its acquisition activity, with plans to invest at least a further £10 million in established estate and letting agencies across the UK.

The property group has completed four acquisitions during 2026, including national estate agency network Open House, which added 104 franchisees to the wider Sourced group.

Around eight further acquisitions are currently progressing through the pipeline. The majority are expected to complete before the end of the year.

Agency owners are reconsidering their future

Sourced CEO Stephen Moss says artificial intelligence is now regularly discussed during conversations with independent agency owners who are considering selling, retiring or planning their succession.

While some owners are excited about the opportunities AI could create, others are concerned about the investment required to prevent their business from being left behind.

Stephen said: “AI is now coming up regularly in our conversations with agency owners. Some are excited about the opportunities it creates, but others are genuinely concerned that their business could be left behind if they do not continually invest in new systems and change the way they operate.

“Many have already spent years adapting to new regulation and technology. They are now asking themselves whether they want to spend the next five or ten years trying to keep pace with another major shift.”

These conversations are not limited to owners of underperforming agencies. Many are running profitable businesses with experienced employees, loyal clients and strong reputations in their local markets.

Stephen continued: “In many cases, the agency is performing well, but the owner feels ready for a different chapter.

“Selling is not purely a financial decision. Owners want to know what will happen to their employees, clients and the reputation they have built. Finding the right organisation to take the business forward matters.”

What type of agencies is Sourced looking for?

Sourced is interested in established estate and letting agencies with reliable revenue, capable teams, strong client relationships and opportunities for continued growth.

Every potential acquisition will be considered individually and will be subject to financial, legal and operational due diligence.

The latest investment forms part of Sourced’s wider work within lettings agency acquisitions and its continued expansion across the UK property sector.

Stephen added: “The £10 million is a minimum rather than a ceiling. If the right businesses come forward, we have the appetite to invest further.

“We want to speak with owners who are ready to sell, as well as those who are beginning to think about retirement or succession over the next few years.”

Considering selling your estate or letting agency?

If you own an established estate or letting agency and are considering a sale, retirement or succession, Sourced can begin with a confidential conversation about your business and future plans.

Speak to Sourced about your agency

Frequently asked questions

Is Sourced looking to acquire estate and letting agencies?

Yes. Sourced is seeking established estate and letting agencies across the UK and plans to invest at least a further £10 million in suitable opportunities.

What does Sourced look for in an agency?

Sourced considers each business individually, including its revenue, team, client relationships, reputation and opportunities for future growth. Every acquisition is subject to due diligence.

Can I speak to Sourced if I am not ready to sell yet?

Yes. Agency owners who are starting to consider retirement, succession or a future sale can arrange an initial confidential conversation with Sourced.