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.
What to read next
Boutique London agency shakes off winter blues with £100m sales drive
Venerable Chelsea-based firm Russell Simpson reports a storming few months, tucking away £90m worth of deals with another £58m under offer...
LSL’s estate agency profits dive by 24% despite rising revenue
Property Plc writes down the value of its investment in hybrid estate agency Yopa by 60%.
Winkworth reports busiest July in five years
100-office network notes a ‘significant recovery in sales interest’ as Chancellor’s stamp duty holiday ‘turbo-charges’ the market
Most read
Luxury brokerage declares £1.3bn in H1 sales
Overseas buyers accounted for 52% of the UK agency's deals, while new instructions topped £2.3bn.
Knight Frank brings in ex-CBRE director for new board-level role
Agency appoints Mike Knowles as Head of Lettings Business Development as part of wider lettings restructure.
Cluttons appoints top market analyst to lead resi business
Well-known research chief and former journalist steps up to lead major agency's residential division.
Art Deco gem in Notting Hill sells in off-market deal
'Landmark' £16mn residence was once owned by legendary soul singer Dusty Springfield.
Financial Times: Is Rightmove taking us for a ride?
Influential journalist Jonathan Guthrie investigates the property portal's dominance, fees & standing in the industry.
UK Sotheby’s launches US buyer advisory
Veteran broker Jim Bell joins the Mayfair-based firm to help wealthy Americans navigate the UK's prime resi market.
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
Lucian Cook: Tax speculation returns but all of the complexities remain
Despite much chatter, 'the matter of whether [Andy Burnham] would pursue a substantial overhaul of property taxation remains one of conjecture,' counsels the Savills research chief.
Major agency reports ‘more uneven’ trading as uncertainty weighs on confidence
Winkworth says H1 sales remained resilient while lettings were largely unaffected by the Renters' Rights Act.
Rare St George’s Hill plot goes for record sum
Agents seal off-market deal for unconsented site after three-year pursuit.
LATEST ARTICLES
‘Streamlined’ draft London Plan targets housebuilding & climate resilience
35% affordable homes fast-track threshold returns for over a third of boroughs.
RIBA Stirling Prize 2026: The shortlist in pictures
A 'restrained' family home near London has made the coveted architecture award shortlist, alongside striking infrastructure, housing and education projects.
Damac launches final phase of ‘world’s first football-branded residences’
Chelsea FC-branded towers in Dubai feature a rooftop football pitch and a blue-sand beach.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Maybourne picks marketing agency for branded resi drive
London-based firm lands hotelier's global brief.