child mortarboard gbp briefcase bath coffeecup tree twitter search crosshair fax house papers sort house-pound brochure list-items notes printer video-camera video virtual-video bath bed camera floorplan heart-empty heart-filled heart-empty-thin heart-filled-thin sofa calculator compass share clock list map-pen map-pin pencil save business-card letter phone heard people pointer cross linkedin google-plus facebook arrow-right close triangle-down my-wink my-wink-thick house-circle loading-spinner bell close-circle dog link pinterest school transport wardrobe arrow-up one two three four five six seven tick

Winkworth updates on 2018 trading

“We are proud of what the Group was able to achieve in 2018 in a market still suffering from uncertainty, and this is further testimony to the hard work and dedication of our franchisees. While the outlook remains hard to forecast, the market fundamentals remain sound with interest rates low, real wage growth and record levels of employment. We are encouraged by the sharp increase in applicants on our site for both property purchases and rentals seen in December.”
- Dominic Agace, Chief Executive Officer of Winkworth

The UK residential sales market continued to be challenging in 2018, characterised by low availability of stock. Prime central London prices stabilised some 15-20% below the peak levels seen in 2014, while prices in greater London slipped by up to 10%. Although the number of transactions in London remained weak, we are pleased to report that, according to data collated by TwentyCI, in 2018 Winkworth ranked second in London by number of exchanges and third by number of new listings.

Despite rental prices being broadly flat for the year, the Company achieved a further increase in revenue from lettings and management and this business line now accounts for half of group turnover. Total group revenues rose on 2017 and, subject to audit, profits before tax are expected to be higher than in 2017.

Over the course of the year the Company opened six new offices, merged four with others in neighbouring vicinities and closed one. The number of new franchise applicants rose by almost 80% in 2018 and this year we expect to see further opportunities to grow new franchises.

Related posts

Winkworth launches Christmas Foodbank Appeal

Winkworth estate agency is thrilled to announce the launch of its inaugural Christmas Foodbank Appeal on 1st December 2019.

Read post

November 26, 2019

Winkworth Central London Market Update - Q3 2019

The Central London property market has fared well so far this year, up from the lowest points of 2018 but still well below its peak five years ago. Following the delay of the Brexit deadline at the end of March, we experienced a jump in activity in Q2, which started to feed through to completions in Q3. As we approached the next deadline for Brexit set...

Read post

November 22, 2019

Winkworth announces internal promotion with new Head of Talent role

Winkworth Franchising Ltd is pleased to announce the promotion of Lucy King to Head of Talent (New Franchising and Recruitment), effective immediately.

Read post

October 02, 2019

Find your Local Office

Find your Local Office

Speak to people who, quite simply, love their patch and love what they do.

Get a Free Valuation

Get a Free Valuation

Thinking of selling or letting your property, or just interested to know what it is worth nowadays?