Winkworth has reported that its London market share rose to 4.2% last year, up from 3.6% in 2018.
The franchisor of real estate agencies said it also ranked fifth in new listings in the capital, with an increased share of just over 3%.
Winkworth said prices still remained broadly flat, with low supply “underpinning” prices throughout the year.
Because of this, activity in the London market remained “subdued”, though the group did record an upturn in transactions outside of London as “buyers decided to get on with their lives after years of watching and waiting”.
The group also said its lettings and management sector continued to “bear fruit” with revenue growth increasing year-on-year. The group also saw “significant growth” in revenue from its portfolio management initiatives.
Despite an “uncertain and difficult” year, Winkworth opened three new offices, and resold a further three offices to new operators in 2019.
Dominic Agace, CEO of Winkworth, said: “We are very pleased with the progress made against a difficult market in 2019 and, once again, to be in a position to raise our dividend payment. Our professional network and robust model have led to further gains in market share and we look forward to welcoming new operators.
“At the start of 2020, new applications for both sales and lettings have risen sharply and, with borrowing rates remaining low and a more visible political agenda, we anticipate that these will translate into increased activity in coming months.”
The company will announce its final results for the year ended 31 December 2019 on 2 April 2020.