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.
‘Fundamentally transformed’ Foxtons sees revenue climb 5% despite slump in sales income
Foxtons 'has reclaimed the number 1 estate agency position in London' and 'is now in much better shape than the company I inherited 18 months ago,' says CEO Guy Gittins.
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