Nevertheless, studies have been done to depict approximately how many estate agents work in each of the main cities in Spain. It is predicted that there are roughly 16,990 agencies in Spain in total, with:
As a national average, with the vast number of agencies throughout the country, only 2.28 sales are made by each agency monthly, although this varies from region to region. Alicante, for example, has an average of 3.14 sales per month per agency but Madrid, Balearic Islands and Barcelona, where the concentration of agencies is much greater, achieve respectively an average of 1,65 and 1,55 sales per month per agency. Of course, each agency is likely to have a number of employees working for the company, making real estate a highly competitive sector with a wide variety of competence, thus opening up market diversity and creating a gap in the market for professional, highly qualified agents in Spain. This is what has lead to the rapid growth and overwhelming success of Fine & Country’s expansion throughout Spain in the last two years.