Foxtons performance for Q1-2017 in line with Board’s expectations

Written by Allen Walkey on - Breaking News -

Foxtons Plc, London’s leading estate agent yesterday 17th May 2017 issued a trading update for Q1-2017.

During the first quarter Foxtons performance has been in line with the Board’s expectations.

Group revenue was £28.7m compared to £38.4m in the first quarter last year and £26.4m in the fourth quarter of 2016.

This quarterly performance is set against the record sales volumes in the first quarter last year when a number of transactions were brought forward ahead of the stamp duty surcharge on buy-to-let investments and second homes.

Read the trading update Q1-2017 in full click here.

Author: 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.

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