Company Tag: Foxtons

Plc reports 6% decline in total revenue thanks to lower sales fees and 'initial disruption' following implementation of the Renters' Rights Act. 

Tenant demand dropped by more than a fifth in September, reports agency.

Foxtons had 24 would-be tenants per new instruction in August, despite new listings continuing to run ahead of last year.

London-centric Plc pushes further into regional markets with four lettings-focused purchases.

Sloane Square ops director makes move to self-employed broker model after nearly 17 years with former firm.

Major estate agency's profits hit hard by 'materially lower' sales volumes and 'short-term volatility' in the lettings market.

Estate agency says 'trading has been adversely impacted by the prolonged downturn in the sales market, as well as short-term volatility in the lettings market.'

May was the first full month with the Renters' Rights Act in force 'and the most remarkable thing is how little changed,' says estate agency.

Farah Buckley 'brings considerable expertise in growth, innovation and strategy ... with a particular focus on technology.'

Foxtons' lettings boss says 'applicant numbers have spiked, supply is strong and budgets are holding firm.'

Savills leads for £1mn+ listings, but is just pipped by Knight Frank in the super-prime arena, according to a specialist marketing firm's analysis.

London letting agents report a 'sustained recovery from the winter slowdown'.