Property sales up 19% at Winkworth
But politics and high finance costs have 'weighed' on demand for high-end properties, says Winkworth.
Winkworth sees profits fall on a ‘subdued’ sales market
Rising lettings revenue largely offset a decline in sales activity last year, reports the estate agency group - which also notes a 'stronger than expected' start to 2024.
Winkworth reports ‘a slower sales market but ongoing strength in lettings’ as profits slide
Estate agency's pre-tax profits have slumped by 24% compared to last year, while total revenues are down 5%.
Winkworth warns on profits as sales revenue drops 20%
"Property prices have held up reasonably well but transactions have slowed, leading to a high number of agreed sales being delayed to the second half of the year," says leading estate agency.
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