Connells reports ‘robust’ results despite profit drop

Estate agency says 'trading has been adversely impacted by the prolonged downturn in the sales market, as well as short-term volatility in the lettings market.'

Winkworth says H1 sales remained resilient while lettings were largely unaffected by the Renters' Rights Act.

London estate agency maintained a 21% profit margin as income jumped 11% last year.