Winkworth to top forecast profit figure in ‘buoyant’ market
The upmarket London-based franchise network says it will beat the expected profit figure of £2.3 million.
Winkworth is set to exceed its profits forecast after a year of “buoyant activity” in sales and rentals.
In a trading statement to the City, the listed company said its full-year pre-tax profits are expected to be higher than the forecast of £2.3 million.
“Despite the hiatus in the property market provoked by the mini budget in Q4 2022, the year as a whole saw a buoyant level of activity in both sales and rentals.
“As buyers continued to return to London, interest in property sales remained dynamic and Winkworth ranked second by properties exchanged in the city for the year as a whole,” the firm said.
Two new offices
Prime London lettings, where the directors believe that there is still headroom for higher prices, remains the most active part of the rental market for Winkworth.
Winkworth opened two offices in recently, Bishopston in Bristol, and in Crediton, Devon. A further six new offices are planned over the coming 12 months.

Dominic Agace, CEO at Winkworth, says: “While the challenges facing the sales market in 2023 have been widely voiced and it will be hard to match the strength of the conditions witnessed in 2022, we are very pleased with our sales results for last year and are less downbeat than the consensus on the outlook for prices in the current one.
“Lettings market activity abated towards the end of 2022, but we expect it to be strong again in 2023.”
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