Foxtons is paying another special dividend of £12.8m after revenues jumped up by £29m to £72.8m in the first half of this year.
The group will pay out £12.8m in interim and special dividends, more than half of the £23.1m pre-tax profits it generated in the six months to 30 June, a rise of 57 per cent on the same period last year.
It is its second special dividend payment since it went public last autumn.
Nic Budden, Foxtons' new chief executive, describes the firm as highly cash generative with no debt to service.
Revenues rose 16.2 per cent to £72.8m, driven primarily by larger volumes of homes being sold, which grew by 20 per cent to 2,919.
The average price of homes sold by Foxtons rose from £475,000 to £545,000, reflecting its focus on what Budden calls higher volume, higher value mid-market sector.
But Foxtons is warning that MMR is cooling this sector of the London sales market.
However, the firm's lettings revenue remained roughly static at £31.8m, and the number of homes let saw a marginal decline to dip below 10,000.
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