Property business Walton Robinson has enjoyed a record summer period in both its sales and lettings division, in a further indication of the continuing strength of the property market despite the uncertainty of Brexit.
The business saw an unprecedented rise in its lettings portfolio from June to September, with the numbers of properties on its books rising by almost 40 per cent, particularly in and around Newcastle where it already holds the unrivalled share of the rental market.
And in a further boost, Newcastle-based Walton Robinson also saw its strongest-ever performance from its sales division, with individual properties as well as new-build schemes they are marketing both selling quickly and for their asking price.
The figures from Walton Robinson support the current performance from the regional and national property market, which show that house prices are continuing to rise and sales are unaffected – and in some areas exceed – when compared to the same period last year.
Walton Robinson has invested heavily in both its sales and lettings operation over the past 18 months, with new market-leading technology being introduced into its operation and key people being added to its 40-strong workforce. The business also has nine apprentices, whose training and development it is investing in.
As well as its strength in the residential market, Walton Robinson is developing a niche in working with investor portfolios, and works with developers and investors across the UK.
Mark Walton, managing director of Walton Robinson, said: “Despite many having a bleak outlook for the property sector after the referendum in June, the market has performed extremely well.
Certainly from our point of view, it has exceeded expectations, and we have enjoyed a record performance from both our sales and lettings divisions.
“We have invested significantly in our business in the recent past, to allow us to continue to lead the way regionally in both sales and lettings. Our recent performance shows that when the opportunities present themselves, we are fully able to take advantage of them.
“While Brexit remains all too uncertain, at this present time the property mark is buoyant, and this is a very good time to sell your house. We have a strong business with a highly capable team operating at the very forefront of the region’s property market, and are confident our expertise positions us well for the future.”