Dexters’ annual results reveal a ‘strong performance’ from both its sales and lettings activities, with revenue and profits up, says CEO Andy Shepherd (pictured).

The estate agency has continued its year-on-year growth, announcing a 23% rise in revenue to £222 million (2023: £181m) with underlying operating profit up 17% to £47.2 million (2023: £40.4m) in its 2024 report and accounts.

There has also been a 31% increase in lettings revenues, which have increased from £104.6 million to £137.2 million. Revenue from the sector accounted for 62% of total revenue during the 2024 financial year, up from 58% in 2023, and residential sales revenue increased by 7% from £63.5 million to £68.1 million.

Expanding network

Dexters says that its strong performance has been driven by the expansion of its London office network, which has helped increase its market share.

And, with the recent purchase of East London agency, Keatons, the agency adds that it will continue to focus on organic growth and acquisitions across the Capital.

Dexters remains confident about the strength and future performance of the vibrant London property market.”

Shepherd says: “London remains a highly desirable place to live, study, and work, and the capital attracts both domestic and international buyers and tenants who choose to make the city their home

“Our lettings teams are highly successful whilst significant sales deals across central London’s premium addresses have enabled our business to generate a strong increase in revenue for the financial year.’’

He concludes: “Dexters remains confident about the strength and future performance of the vibrant London property market and will continue to invest and to position the company to take advantage of expansion and acquisition opportunities.”