Foxtons & LSL report heady performance in 2021
Profits at Foxtons Plc are at the "top end of expectations", while Marsh & Parsons-owner LSL enjoyed its highest ever operating profits in 2021.
LSL posts record profits, but warns of a sharp housing market slowdown in 2022
"We expect mortgage and housing transactions to revert to pre-Covid levels with geopolitical uncertainties adding to existing inflationary pressures," says LSL boss David Stewart.
Foxtons recruits Chestertons’ Gittins as Budden steps down
Former Chestertons boss Guy Gittins will become Group CEO of rival London estate agency Foxtons in September, taking over from Nic Budden - who has already stepped down.
LSL profits stay strong despite drop in estate agency revenue
"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.
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'There have been surges of interest from Americans in the past but in 20 years of doing this job, I can’t recall quite so many buying as now'.
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