Foxtons revenues plunge 34% as Londoners' appetite for buying and selling homes dwindles



A continued slowdown in London’s property market is taking a toll on Foxtons as income from house sales fell by more than a third in its last quarter.
The London-focused estate agent, which also has offices in Surrey, said fewer home sales meant revenues declined 34 per cent to £12.2million in the three months to the end of September.
It also saw lower demand of homes to rent, but contract renewals meant its lettings revenues were flat at £22.6million. 
Despite the results, shares in the group were about 2 per cent higher at 97.25p in mid-morning trading.
The quarter results come after... read more

 
19 October 2016 in Business, Views: 35
Source: Daily Mail
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