Foxtons confirms first profit in five years; opts to keep mortgage arm Alexander Hall
London estate agency Foxtons made an £8.9mn operating profit in 2021 - up from £1.9mn in 2020, and from a £700k loss in 2019.
What to read next
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.'
‘Buoyant’ property market pushed Winkworth’s 2022 profit above forecasts
'It will be hard to match the strength of the conditions witnessed in 2022,' says estate agency boss, Dominic Agace, but Winkworth is 'less downbeat than the consensus on the outlook for prices' in 2023.
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.
Companies in this article
FoxtonsMost read
UK Sotheby’s adds new directors covering PCL & West London
Luxury brokerage extends recruitment drive across prime postcodes with brace of sales appointments.
‘Buyers today have more choice than ever before’: Savills global resi chief on the battle for international wealth
Interview: Victoria Garrett discusses London’s place on the world stage, Dubai’s next phase, the impact of tax & geopolitics, and how developers are catering to an increasingly discerning clientele.
New platform opens door to distressed property deals
Exclusive: Receiv-r promises an early heads-up on property and land opps - and already has a big-name brokerage on board.
Where did the Knightsbridge buyer go? James Moran on PCL’s shifting geography
Middleton Advisors' London sales boss explores the changing fortunes of one of the capital’s most famous enclaves - and where today’s moneyed purchasers have been turning their attention.
By James Moran
£37.5mn Banda-designed super-duplex unveiled at The OWO
In Pictures: Top-end studio delivers 3,804 sq ft heritage-inspired residence at luxury Raffles-branded scheme in Whitehall.
Investor snaps up nine Notting Hill flats in £11mn bulk deal
Agents flag renewed appetite for bulk resi acquisitions from overseas investors as prime London rents climb.
By PrimeResi
Government ramps up plans to regulate property agents
Update Industry Reactions: Ministers unveil licensing regime and independent regulator, going much further than proposals announced last year.
In Pictures: Historic Cotswold estate hits the market at £15mn
Substantial pile with Sims Hilditch interiors and a party barn launches with autumn selling season in full swing.
‘First hard evidence’ emerges of £2mn mansion tax effect on property prices
Fresh data confirms that transactions are 'bunching' below the incoming High Value Council Tax Surcharge threshold.
By PrimeResi
Alexander Main brings in senior hire for big lettings push
Former Domus Nova & Foxtons operator joins line-up to lead ambitious two-year-old agency’s new division.
LATEST ARTICLES
Christie’s International Real Estate makes mainland China debut
Luxury property network launches Shanghai outpost.
By PrimeResi
Gateley brings four property consultancies under new Built Environment banner
218-year-old professional services group consolidates 325-strong real estate operation.
By PrimeResi
Estate agency trade body calls for an end to local landlord licensing
Propertymark argues council licensing schemes could duplicate the incoming national registration system - and its fees.
By PrimeResi
The $84trn Question: Which global hotspots are leading the race for next-gen wealth?
London ranks third in new Savills study of the locations best placed to attract and retain younger HNWIs, as vast wealth shifts across borders and generations.
Grand Registry: Surveying the latest big-ticket deals to hit the official record
Land Registry data reveals a telling resale at one of Kensington’s most prestigious schemes, alongside a clutch of eight-figure deals across the capital.