Winkworth has reported a 25% rise in sales revenue across its network for the first half of 2025 driven by a rebound in the housing market and heightened activity ahead of stamp duty rule changes.
The group, which operates one of the UK’s largest estate agency networks, said March was a particularly strong month.
Activity in the first quarter was boosted by buyers rushing to complete transactions before the reduction in the stamp duty exemption threshold for first-time buyers in April.
Despite this, Winkworth noted that buyer interest remained strong into the second quarter.
SUBDUED LETTINGS
In contrast, lettings activity was more subdued, with management and lettings revenue up by around 3% over the same period.
The company opened three new offices in the first half of the year and completed two franchise resales, as it continued to expand its network footprint.
Winkworth confirmed that it expects pre-tax profits for the full year to be in line with market expectations of £2.6 million.
Alongside the trading update, Winkworth declared a second-quarter interim dividend of 3.3p per share.
The shares will go ex-dividend on 24 July 2025, with a record date of 25 July. Payment is scheduled for 20 August.
