Foxtons expects trading conditions to remain challenging throughout 2018.

January 25, 2018

Foxtons Group plc today issued its trading update for the year ended 31 December 2017 ahead of its preliminary results announcement on 28 February 2018.

The update states: The Group’s performance for the year was in line with the Board’s expectations.

Nic Budden, CEO, said:

“This was a solid performance in the context of ongoing challenging conditions in the London property market. We remain focused on achieving the best results for our customers and are pleased with the reaction to the recent growth initiatives in our lettings business.

“Looking ahead, we expect trading conditions to remain challenging throughout 2018. We are well placed to withstand these conditions due to our strong balance sheet with no debt, and we will provide an update on a number of strategic initiatives which we have been working on at our preliminary results presentation on 28 February 2018.”

Read the trading update 25th January 2018 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Housing market springs back into life

The latest research by Yopa reveals that as Spring begins, 6.3% more homes are on England’s housing market today compared to the start of the year, with some counties seeing increases of more than 16%, showcasing growing seller confidence in a market that is on the up. Yopa has analysed residential listings data from March…
Read More →
Breaking News

29% of homebuyers leaving sellers at risk

The latest research from House Buyer Bureau has found that 29% of homebuyers who made an offer on a property were not actually in a position to proceed, with many lacking either a mortgage in principle, a deposit, enough saved to cover stamp duty and buying costs, or all three. House Buyer Bureau commissioned a…
Read More →
Overseas Property

The most in-demand holiday home destinations

Alicante is the ideal place in the sun when it comes to Brit foreign property dreams Province on Spain’s Eastern coast is the most popular destination for Brits in TV foreign property series Almeria and the Costa Del Sol are in the top three based on analysis of 1,000 episodes of A Place In The…
Read More →
Breaking News

Two Weeks to Go for First Phase of Renters’ Rights Act

With just two weeks until the first phase of the Renters’ Rights Act comes into effect, letting agents across England are being urged to ensure they are fully prepared for the significant operational and compliance changes ahead. From 1 May 2026, the new legislation will introduce wide-ranging reforms to tenancy structures, possession processes and rent…
Read More →
Breaking News

Housing Insight Report: February 2026

The housing market shows steady activity, ongoing challenges with sales agreed rising slightly and stock levels stable, while affordability pressures and longer transaction times continue to strain buyers and sellers. Demand is strong in the rental sector, with significant competition among tenants despite only a modest increase in available properties. Rents have remained relatively stable…
Read More →
Breaking News

London boasts biggest property market gap

UK’s property price gaps exposed: London tops with £838k difference between top and bottom of the market The latest research from eXp UK has revealed the scale of the price divide between the most and least expensive property markets across each region of the UK, with three areas seeing average house price gaps of more…
Read More →