Dexters has reported a 23% increase in revenue to £222m for the year to March 2024, up from £181m in 2023.
The estate agent revealed that operating profit rose 17% to £47.2m from £40.4m.
The growth was mainly due to higher sales and lettings activity across London.
Additionally, the company saw lettings revenue rise by 31% from £104.6m to £137.2m, making up 62% of total revenue compared to 58% last year.
Residential sales revenue grew 7% from £63.5m to £68.1m.
Dexters said growth was driven by an increase in market share and the addition of new offices.
Andy Shepherd, CEO 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.”
