x
By using this website, you agree to our use of cookies to enhance your experience.
CORONAVIRUS UPDATE

See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 267,240 | UK Deaths: 37,460 SEE MAP Italy Confirmed cases: 231,139 | Italy Deaths: 33,072 | Italy Recovered: 147,101 SEE MAP Spain Confirmed cases: 236,259 | Spain Deaths: 27,117 | Spain Recovered: 150,376 SEE MAP See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 267,240 | UK Deaths: 37,460 SEE MAP Italy Confirmed cases: 231,139 | Italy Deaths: 33,072 | Italy Recovered: 147,101 SEE MAP Spain Confirmed cases: 236,259 | Spain Deaths: 27,117 | Spain Recovered: 150,376 SEE MAP

award
award award
award award

TODAY'S OTHER NEWS

Foxtons sales down 11% but agency eyes more growth in 2016

A trading statement from London agency Foxtons shows group turnover up four per cent in 2015 to £150m - but that comes despite sales being 11 per cent below the previous year.

The London-wide sales slump did not stop Foxtons improving market share in 2015, with the statement singling out new homes deals as particularly notable. The group’s mortgage broker, Alexander Hall, saw very strong revenue growth of 32 per cent.

The lettings business generated over 20,000 transactions during 2015 and the company says the mix within rentals shifted towards renewals with a record number of tenants extending tenancies, resulting in a lower level of new stock available. 

The statement concludes optimistically: “Although it is too early to predict residential property sales transaction trends for 2016 the company enters 2016 with an encouraging sales pipeline, a strong lettings book and a proven strategy for further growth through organic branch expansion.”

icon

Please login to comment

Zero Deposit Zero Deposit Zero Deposit
sign up