Complaints about estate agents fall, despite rising transactions

"We expect that the impact of housing market cycles will continue to have a reducing impact on the Group's results," says major property Plc, which owns estate agency brands including Marsh & Parsons.

Gordon & Co in South London and Stones Residential in North London have been bought by Foxtons Plc for £10.55mn.

The government is still "considering the recommendations of the RoPA report", three years after it was published, says Housing Minister Eddie Hughes. There's no update on a timeframe.