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Strong year for franchise giant WinkworthFranchise giant Winkworth has reported a strong year with its franchised offices reporting an eight per cent rise in sales over 2013 and pre-tax profits rising by 13.9 per cent.

Amongst its franchised branches, sales totalled £50.2m, up from the previous year's £46m. London's franchised offices accounted for 81 per cent of the group total - slightly higher than the 80 per cent the capital accounted for in 2013.

There was a 21 per cent rise in revenues from country offices over 2013. Some 35 per cent of its franchised activity was accounted for by lettings and management - the same as the previous year.

The total dividend payable is up 11.3 per cent to 5.9p per share - the year before it was 5.4p.

Winkworth has already opened an additional office this year, at Sway in the New Forest.

However, it has warned that stricter lending requirements because of the Mortgage Market Review and the strength of sterling has been lessening the attraction of London property to international buyers, while the election may serve to quieten the market until the second half of 2015.

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