A Sutton based property expert has said fears of a 30 per cent drop in house prices after Brexit are unfounded, after acquiring a Cheam and Mayfair based estate agent.
Centro PLC said that their acquisition of Christies Estate Agents reflects ongoing belief in the property market in the run up to Brexit next year.
The combination of the two family-run businesses is estimated to achieve turnover of over £1,000,000 from residential sales, lettings and financial services within Centro Group.
Centro says its All Things Property banner will boost the residential market activity with its property ownership and commercial sales, lettings and consultancy, and particularly, residential block management.
Christies’ Director, Andrew Richardson stays as residential sales director and all Christies’ staff members join Centro.
Ray Harwood FRICS, Chairman of Centro, commented: “When we founded Centro nearly 30 years ago, our vision was to get exactly where we are today.
“We are satisfied the transition will move us on to our realistic short-term turnover of circa £5,000,000, with a strong asset base of three times that figure.
“Our new and existing clients can rest assured that the availability of Board Directors at the face of each activity will not change”.
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