Profits plunge at Foxtons as London housing market stalls | London

We are pleased to have delivered a performance in line with market expectations.

However, sales activity in the London property market is near historic lows and this had a significant impact on our overall performance in 2017.
The group’s sales division saw revenue drop 23% to £42.6 million, which it said was a result of “continued market weakness causing lower transaction volumes.

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