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.



Recent Popular Articles

Barking and Dagenham Council has vowed to root out “exploitative landlords”.

A series of morning raids were carried out across the borough of Barking and Dagenham in further attempts to catch out a growing list of

Negative trend in prime central London according to RICS

RICS UK Residential Market Survey report - August 2017 released today headlines 'Growth at the headline level, but regional house price picture remains mixed.' Although

Some landlords still holding unprotected deposits.

According to a survey carried out by Centre for Economics and Business Research (CEBR) on behalf of comparison website it states some UK landlords

Unfair to Scottish landlords

At present Scottish Landlords see as unfair the way rules  concerning  the council tax  works, Nicola sturgeon announced in November last year a commission to

ZPG becomes 1% shareholder in Propertyfinder Group

According to recent news release from ZPG,  they have now become a 1% shareholder in Propertyfinder Group (PFG), the Dubai-based business with leading property portals