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Family House Market Continues to Prosper

PUBLISHED: 12:40 27 September 2011 | UPDATED: 20:03 20 February 2013

Family House Market Continues to Prosper

Family House Market Continues to Prosper

M Winkworth plc ("Winkworth"), the largest single estate agency brand in London, has published its quarterly review for the UK residential property sales and lettings markets.

Family House Market Continues to Prosper

M Winkworth plc (Winkworth), the largest single estate agency brand in London, has published its quarterly review for the UK residential property sales and lettings markets. The data for the report is gathered from a monthly survey of franchisees and should therefore be considered as indicative rather than factual. A full copy of the report can be found on the companys websites - and

The results show the average asking price in the country is now 352,529, a rise of 1.1% since August 2010. The story is similarly positive with the number of country buyers increasing steadily over the last year to 58% higher than in August 2010.

In Greater London, the average asking price has gone up by 9.3% from August 2010 to 556,096.

Dominic Agace, CEO of M Winkworth Plc, comments

Despite the turmoil in global economic developments over the summer months, the UK property market has continued to hold up well with some particular bright spots. The family house market continues to prosper both in London and, increasingly, in the outlying country areas where the time to sell has halved to seven weeks as the market has picked up in recent months.

There is a growing flow of London buyers looking for value inthecountry house market and commuter belt.

About Winkworth

Winkworth is a leading franchisor of residential real estate agencies and is admitted to trading on the AIM Market of the London Stock Exchange.

Established in Mayfair in 1835, Winkworth has a pre-eminent position in the mid to upper segments of the central London residential sales and lettings markets. In total, the company operates from 92 offices, with 83 in the UK- including 56 in London alone.

The franchise model allows entrepreneurial real estate professionals to provide the highest standards of service under the banner of a well-respected brand name and to benefit from the support and promotion that Winkworth offers. Franchisees deliver in depth local knowledge and a highly personalised service to their clients.

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