The London property market is busy in the face of the upcoming General Election, with Dexters noticing that buyers are jumping in where they see good value, good locations or both. “There is reportedly still plenty of interest in the top end of the market; and if this is being hampered then it’s by high stamp duty rates; rather than the upcoming vote which seems to be having little effect,” says CEO Jeff Doble.
Jeff was interviewed by Kensington Chelsea Westminster Today for his views on the current market and to give some insight into what makes Dexters so successful.
The business has grown from 16 offices to over 60 across London in the past eight years. Dexters has been growing annually at the rate of 26%, and expects to record an operating profit of £15m this year. The company employs some 1,200 people, sells over 3,000 properties a year, and has an impressive 20,000 landlords on its books. Since 2008, Dexters has reinvested more than £100m into its growth. Their ethos is working within the community they represent. Listening to and understanding the community’s culture, and its history, and then applying skills, knowledge and support systems. As a firm of Chartered Surveyors with a training academy based in the old Pimlico Library, Dexters trains 100 apprentices annually, while over 90% of all branch managers have come up through the ranks, in a practice which maintains a family atmosphere.