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

Ardmore wins £80m Canada Water deal

Ardmore has been confirmed winner of an £80m contract to build the first residential and retail phase of Project Light at Canada Water in Southwark.

Another new rule for Landlords in Wales

New rules coming into effect in Wales from the end of February will mean landlords will require planning permission to convert a house from use

Following recent public consultation the draft Tenants Fees Bill now published

The Department for Communities and Local Government yesterday 1st November 2017 published a Policy Paper 'Draft Tenants Fees Bill' The draft Tenant Fees Bill sets

Right-to-Rent pilot scheme

A report out yesterday from the Express and Star,  publication covering towns throughout the "Black Country" highlights how the scheme to prosecute landlords for letting

Sales still strong, but prices fall in June for first time since 2009

The number of sales agreed at this time of year is the second highest for ten years, only slightly lower than the high of May