Foxtons reveals performance in line with expectations in latest qtr trading update

October 19, 2017

Foxtons plc, London’s leading estate agency, yesterday 18th october 2017 issued its trading update for the quarter ended 30 September 2017.

The update revealed that: The Group’s performance during the quarter was in line with the Board’s expectations with total revenue of £35.1m (2016: £37.5m), taking total revenue for the nine months ended 30 September 2017 to £93.7m (2016: £106.3m).

Nic Budden, CEO, said:

“This was a resilient third quarter performance when set against the challenging conditions in the London property market. We have maintained our relentless focus on delivering a leading proposition for our customers and in our lettings business we are pleased with the reaction to our recent growth initiatives.”

Read the Foxtons trading update 18th October 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.

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