Company Tag: Foxtons
Foxtons chief: ‘We’re not seeing a crash in any way, shape or form’
Buyer numbers have recovered after dropping off by up to 50% in the wake of the mini-Budget last year, says Guy Gittins.
Foxtons rides rental market as sales slow
New CEO Guy Gittins says he can see the agency generating £25mn to £30mn of operating profit in the medium-term.
Foxtons snaps up four-branch London agency
Plc confirms £7.4mn acquisition of Atkinson McLeod as part of ongoing lettings drive.
‘Bottleneck’ continues in London’s rental market as demand remains high and supply low
'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.
Foxtons revenue jumps 11%
New CEO Guy Gittins is preparing to reveal 'a refreshed operational strategy to rebuild Foxtons' estate agency DNA and return the business to its position as London's go to estate agency.'
London rents jumped 20% in 2022, and demand remains high
Demand for rental homes in London 'remains high and I do not see a great glut of stock on the horizon,' says Sarah Tonkinson of Foxtons.
New Foxtons boss: ‘We have to dial everything up’
'We became embarrassed by what we do. We have to be proud to be estate agents', says CEO Guy Gittins, as the high-profile firm eyes further acquisitions in the capital.
London’s lettings market cools, but average rents are still 20% higher than last year
Average rental prices in the capital fell by 3% last month, says Foxtons, in line with a normal seasonal slowdown.
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Competition for London rentals is running 40% higher than at this time last year
Foxtons is reporting an 'unusually busy' end to the year for the capital's rental market.
Foxtons sees sales & lettings revenue jump as the property market ‘normalises’ & Gittins takes control
'I am excited about leading this reset and determined we can get Foxtons back on the front foot,' says new CEO Guy Gittins.
London rents reach a record high as supply shrinks and demand climbs
Foxtons has listed 38% fewer rental properties so far this year compared to last, while tenant demand is running high.