Company Tag: Foxtons

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'.

Stamp duty hangover and ‘more challenging’ market backdrop prompt cost cuts and sales reset, with lettings helping to offset the slowdown.

Central London areas have significantly underperformed outer boroughs in price growth terms.

Estate agency reveals fresh detail on sales strategy, downside scenarios and senior pay in latest company filings.

The market is 'building rather than booming,' says Foxtons.

'We are making strong progress with our buy, build and bolt‑on strategy,' says estate agency boss Guy Gittins.