Foxtons reports ‘strong start to the year’ as market share grows again

'We do not see hybrid agents posing a significant challenge to traditional high-street agents but that could change if the self-employed model continues to grow in popularity,' says TwentyEA Director,…

Estate agency's pre-tax profits have slumped by 24% compared to last year, while total revenues are down 5%.

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