7th September 2023
Property market woes weigh on listed agency and building brands
The slower sales market has started hitting high-profile agency and property brands.
Agency franchise brand Winkworth’s half year results yesterday showed network revenues were down by 5% annually to £26.4m, while pre-tax profits fell 24%.
Meanwhile, housebuilder Barratt Developments’ full-year results showed revenue was up 1% to £5.3bn, helped by higher selling prices,...