Lettings and property management now contributing half of revenue to Winkworth

Half of Winkworth’s revenues came from lettings and property management last year, the firm has reported.

Giving trends but not numbers in a trading update, Winkworth said that the UK sales market continued to be challenging in 2018.

Prime central London prices stabilised at 15% to 20% below their peak in 2014, and prices across Greater London slipped 10%.

Paying tribute to the “hard work and dedication” of its franchisees, Winkworth said total group revenues were up last year on 2017, and it expects to report higher pre-tax profits.

Winkworth opened six new offices last year but merged four with others in neighbouring areas, and closed one – leaving the total number of outlets at around 100.

However, Winkworth said that the number of new franchise applicants rose by almost 80% last year and it expects to grow the business this year.

x

Email the story to a friend



Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.