Chestertons has announced that its revenue for the first six months of the year is up by 6% year-on-year.

It has not given an actual figure, but says it has achieved its most profitable position at the half-year mark since 2014.

The company says its lettings division posted an 11% uplift in revenue, while there was a 2% rise in revenue in the sales division.

This was achieved against a backdrop of falling sales volumes: Land Registry data shows that transactions in Greater London in the first three months of the year were 16% down on last year and Chestertons expects the figure to be similar for the second quarter.

Guy Gittins, Chestertons’ managing director, said: “The fall in sales transactions across the country has undoubtedly created a difficult market for estate agents.

“We have registered 13% more buyers so far this year compared to last year. However, the lack of owners willing to put their properties on the market – due to a variety of reasons – continues to restrict movement.”