Company Tag: Foxtons

New-build premiums have risen considerably, especially in outer-lying areas, reports the London estate agency.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Foxtons, JLL, HMRC, Zoopla, Savills, Knight Frank & more...

'Transport improvements in London have opened up new areas for workers in Central London to live, leading to a shift in buyer and renter behaviour,' says Foxtons' lettings chief.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, ONS, Foxtons, JLL, Arcadis, OnTheMarket & more...

"I am encouraged by the early results achieved to date," says Foxtons boss Guy Gittins, as "operational improvements" bear fruit.

London's average weekly rent fell 4% last month, says Foxtons. But rental prices are still 14% higher than at this time last year.

Agency reveals how it is using AI to identify new leads in real time and get them 'to the right person at the right time'.

An average of 20 renters are registering for each new listing, says the agency, rising to over 30 in some neighbourhoods.

Buyer numbers have recovered after dropping off by up to 50% in the wake of the mini-Budget last year, says Guy Gittins.

New CEO Guy Gittins says he can see the agency generating £25mn to £30mn of operating profit in the medium-term.

Plc confirms £7.4mn acquisition of Atkinson McLeod as part of ongoing lettings drive.

'Renters may need to change tactics in the coming year, setting aside more time for their property search and preparing to move fast when they see something they like,' says Foxtons.