London helps Winkworth

Marion Dakers
REAL estate agency Winkworth warned yesterday that rising stamp duty on the priciest homes has quelled demand for properties worth more than £2m.

The firm said in a trading update that it will meet forecasts, in spite of a sales drought at the very top of the market. The rest of London is doing well, Winkworth said.

The Aim-listed firm also said it has cut exposure to Europe by closing its office in France.

It expects the London rental and buying sectors to continue outperforming the subdued UK market next year.