Lettings made up an increased proportion of revenue for Dexters last year, the London agent’s latest annual report shows.

Dexters’ annual report for 2024 showed a 23% rise in revenue to £222m last year, with underlying operating profit up 17% to £47.2m.

There was a 31% increase in lettings revenue from £104.6m to £137.2m. Revenue from lettings accounted for 62% of total revenue during the 2024 financial year, up from 58% in 2023.

Meanwhile, the agency brand reported a 7% rise in sales revenue.

It comes as Dexters has been on the acquisition trail in recent months, including the recent purchase of Keatons.

Andy Shepherd, chief executive of Dexters, said: “London remains a highly desirable place to live, study and work and the capital attracts both domestic and international buyers and tenants who choose to make the city their home. Our lettings teams are highly successful whilst significant sales deals across central London’s premium addresses has enabled our business to generate a strong increase in revenue for the financial year.

“Dexters remains confident about the strength and future performance of the vibrant London property market and will continue to invest and to position the company to take advantage of expansion and acquisition opportunities.”

The brand now operates more than 180 offices across London and claims to sell and let more property in the capital than anyone else.