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%.
By PrimeResi
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.
By PrimeResi
‘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.
By PrimeResi
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Talking Heads: What does the end of non-dom status mean for the prime property market?
As Britain's 225-year-old 'non-dom' tax regime faces abolition, we asked prime resi insiders about the potential impact on the property market and their businesses.
By PrimeResi
Irene Luke joins Savills Private Office
Co-head of Savills Monaco has expanded her role & is now part of the agency's elite global network of HNW specialists
Interior designers Fiona Blanchot & Sophie Ashby of Studio Ashby: 10 things we’ve learnt over 10 years
'Good business is a cocktail of hard work, luck and being tuned into your instincts'
Top-end estate agency blurs the lines between art & luxury property
United Kingdom Sotheby's International Realty has already seen some 'successful cross-pollination' since setting up a desk in one of the world's most famous auction houses.
Knight Frank heralds ‘a new era for the countryside’ as rural division growth continues
James Farrell has overseen two years of 'unprecedented growth' for Knight Frank's rural division - which continues with another new outpost opening later this year.
By PrimeResi
‘Exceptionally rare’ Kensington Court townhouse asks £18.95mn
Buyer sought for elaborate unbroken Grade II listed property near Kensington Palace
Broker platform announces second ‘brand collaboration’ in north London
Seasoned NW London agent Malcolm Ornstein joins former Parkheath director on Vita's roster.
‘Manhattan-inspired’ penthouse on Cadogan Square relaunched at £8.75mn
New price & agents for loft-style lateral on one of PCL's most prestigious garden squares.
JTRE London’s Nigel Fleming: Why Bankside is knocking on the door of traditional PCL
Following a transformation that began 70 years ago, Bankside has become a cultural, commercial & resi hotspot that can compete with any London postcode, writes property development chief...
Grand Retail to Parkside: Agency pens field guide to PCL’s eight ‘villages’
Boutique firm delves into the characteristics of the capital's inner districts & gives each a new identity to help buyers with their decisions.
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Second home sales ‘dominating’ supply in Prime London, reports buying agency
'Significant price movement' is being achieved in certain situations, says Eccord.
Rental market ‘no longer at peak boiling point but it remains at a very hot simmer’
The pace of rental price growth is cooling fastest in London, says Rightmove, as more top-end properties see asking price cuts.
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