Lettings at the heart of agency’s record month and quarter

Lettings at the heart of agency’s record month and quarter


Todays other news
The founder is going to step back from the business...
It has a growth strategy for this key market...
The institution's monthly survey measures agents' sentiment...
The analysis looks at rentals below £750 pcm...
The data comes from ARLA Propertymark...


One of London’s largest agencies, Chestertons, has reported a record month for revenues in September as well as its best ever Q3 results.

The agency says its results were boosted by especially strong performances from its Central London office and its lettings division.

Chestertons’ lettings department recorded its best ever month in September and also a record quarter when it comes to tenancies agreed and revenue.

The firm’s overall revenue for Q3 was up 11% on the same period in 2018.

 

“The summer is always the busiest time for lettings in London but this year has been more intense than ever as a shortage of rental properties across popular areas of London has created an ultra-competitive environment for tenants,” explains Richard Davies, Chestertons’ head of lettings.

He says the record lettings performance is down to a ‘growing workforce’ and improvements to the firm’s internal tech systems.  

 

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
It has a growth strategy for this key market...
Lettings industry body joins forces with trade group
The institution's monthly survey measures agents' sentiment...
Interest Rates - Bank of England reveals latest decision
The analysis looks at rentals below £750 pcm...
Revealed! The regions generating the most rent for landlords
The data comes from ARLA Propertymark...
The sheet must be given to tenants by May 31...
The controversy involves the tenant union Acorn...
Well known business billionaire enters private rental sector as investor...
Recommended for you
Latest Features
The founder is going to step back from the business...
It has a growth strategy for this key market...
The institution's monthly survey measures agents' sentiment...
Sponsored Content
Alto Intelligence, Street AI and Reapit RAI. Three platforms, three...
On Friday 15 May at 1pm, Alto is hosting a...
When Riccardo Iannucci-Dawson became CEO of Alto, he took the...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.