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PrimeResi Quarterly Journal

The handbook of the luxury property industry

Click on the cover to find out more

PRQ8

Current issue: Winter 2016/7

Foxtons

  • Foxtons profits hit as sales revenues fall 23% in a ‘challenging’ year

    Pre-tax profits at London estate agency Foxtons tumbled from £41m in 2015 to £18.8m in 2016, as the central London property market “remains tough”. You need to be logged in to see this part of the content. Please Login or subscribe to access. Username: Password: Remember Me Register Not subscribed yet? Click here to...
  • No rent rises in the near future as European tenants return to London

    Rents are not likely to start rising again in the near future, says Foxtons, as increased supply gives tenants more power to “tailor” their offers. You need to be logged in to see this part of the content. Please Login or subscribe to access. Username: Password: Remember Me Register Not subscribed yet? Click here...
  • A ‘significant fall in sales volumes’ hits Foxtons’ revenue hard

    65-branch London estate agency Foxtons is having a torrid old time, from the sounds of its full year trading update. As forewarned back in June (immediately after the Brexit vote result) total group revenue dropped from £150m in 2015 to £133m in 2016, while adjusted EBITDA plummeted from £46m in 2015...
  • Foxtons’ new finance chief starts today

    Foxtons Group plc’s Chief Financial Officer Gerard Nieslony has resigned as a Director of the Company and as its CFO, but will stay with the firm as Finance Director. You need to be logged in to see this part of the content. Please Login or subscribe to access. Username: Password: Remember Me Register Not subscribed yet?...
  • Foxtons’ sales revenue tumbles by a third

    Foxtons has reported that its sales revenues fell dramatically over the last three months, by around a third to £12.2m in the three months to 30th September, from £18.5m in the same period a year earlier.  The quarterly results “reflect a continuation of reduced activity in the London property sales market”....
  • Knight Frank recruits Foxtons’ most successful broker

    Knight Frank has hired Foxtons’ Number 1 Negotiator, Orly Lehmann, to run the sales team at its Belsize Park branch. Lehmann spent nearly six years at Foxtons and was promoted to Senior Sales Negotiator in 2013. She went on to become the highest billing agent across the entire firm in 2014 and 2015. Her...
  • Foxtons to roll out two more branches next month

    Foxtons is rolling out another couple of branches next month, adding to the five already launched this year and taking its tally across London and the Home Counties up to 65. You need to be logged in to see this part of the content. Please Login or subscribe to access. Username: Password: Remember...
  • Profit slump at Foxtons drives branch opening rethink

    The EU referendum caused a “sharp contraction” in property transactions in London in Q2, says Foxtons, which wiped out gains from a bumper first quarter to leave the company with a bleak-looking H1 financial report. You need to be logged in to see this part of the content. Please Login...
  • No upturn this year says Foxtons; profits likely to be ‘significantly lower’ after Brexit vote

    Estate agency Foxtons has warned investors that its profits are likely to be “significantly lower” than last year, as the UK’s decision to leave the EU means that uncertainty across the property market will be prolonged.   You need to be logged in to see this part of the content. Please Login...
  • New Finance Chief for Foxtons Group

    Foxtons Group plc has recruited a new CFO to help the business’ “growth and further expansion”. You need to be logged in to see this part of the content. Please Login or subscribe to access. Username: Password: Remember Me Register Not subscribed yet? Click here to stay on top of the market......
  • Future Sellers: Foxtons debuts virtual reality platform

    Foxtons has launched its new virtual reality platform after a two-year development programme. You need to be logged in to see this part of the content. Please Login or subscribe to access. Username: Password: Remember Me Register Not subscribed yet? Click here to stay on top of the market......
  • Big sales boost for Foxtons but Q2 looks ‘challenging’

    Foxtons has reported a chunky rise in sales commissions in Q1 as buyers rushed to complete before the April stamp duty deadline. You need to be logged in to see this part of the content. Please Login or subscribe to access. Username: Password: Remember Me Register Not subscribed yet? Click here to stay on...
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