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FXTGY / Foxtons reports higher lettings sales and profits despite falling revenues and financial services

Foxtons reports higher lettings sales and profits despite falling revenues and financial services
Foxtons (LSE:FOXT) Group PLC reported increased lettings revenue and profits in the first half of the year on higher average rental prices, longer tenancies and growth in build-to-rent and short lets. The London-listed estate agent unveiled a 20%, or £6.5mln, hike in lettings sales growth but a 17% slump in revenues and financial services, which it attributed to a downturn from last year's stamp duty bonanza. Read More
Posted: Jul 28 2022, 07:07
Author Name: Proactive Investors
Views: 102017

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Foxtons hopes pinned on rentals as high mortgages yet to bite

Estate agents Foxtons (LSE:FOXT) Group PLC will delve into the state of the UK's housing market in its upcoming third-quarter results on Thursday, Oct more_horizontal

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Foxtons forecasts London rents to keep rising as house prices fall

London estate agent Foxtons (LSE:FOXT) warned that rents in the capital will continue to spiral despite a decline in property prices. Foxtons, which i more_horizontal

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By Reuters
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Foxtons said on Thursday it expects the wider home sales market to remain challenging amid high mortgage rates, even as the UK estate agency posted a more_horizontal

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By Proactive Investors
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Foxtons reports growth in lettings to compensate for lower house sales

Foxtons (LSE:FOXT) Group PLC reported a 10% top-line increase for the first quarter despite a fall in revenue from house sales. Lettings revenue rose more_horizontal

Foxtons expects challenging house sales market this year

By Proactive Investors
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Foxtons (LSE:FOXT) said it expects the ripples of last year's chaotic September mini-budget to be felt on house sales throughout the rest of 2023. Hou more_horizontal

Foxtons cautious for first half of 2023 but sees 2022 revenue and adjusted operating profit ahead of market expectations

By Proactive Investors
January 26, 2023

Foxtons cautious for first half of 2023 but sees 2022 revenue and adjusted operating profit ahead of market expectations

Foxtons Group PLC (LSE:FOXT) shares fell on Thursday as London's leading estate agency said it is cautious on the outlook for the first half of 2023 more_horizontal

Foxtons reports higher lettings sales and profits despite falling revenues and financial services

By Proactive Investors
July 28, 2022

Foxtons reports higher lettings sales and profits despite falling revenues and financial services

Foxtons (LSE:FOXT) Group PLC reported increased lettings revenue and profits in the first half of the year on higher average rental prices, longer ten more_horizontal


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