FOXTONS WARNS OF ‘SUBDUED’ SALES AS BUDGET UNCERTAINTY DETERS HOMEBUYERS
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✍️ Foxtons, a London-focused estate agency, has warned of weak sales for the rest of the year due to economic uncertainty and potential property tax changes in the upcoming budget.
👉 Foxtons has warned of weak sales for the rest of the year due to economic uncertainty and potential property tax changes in the upcoming budget. 👉 The company's sales revenues in the third quarter fell by 7% to £12.5m. 👉 Lettings revenues increased by 5% to £33.4m. 👉 The company believes that buyers are holding off on purchases until the budget is announced. 👉 Foxtons' CEO, Guy Gittins, believes that there remains significant pent-up demand in the London volume market.
-- #GuyGittins #DanTomlinson #MarkFitzPatrick #London #Reading #Watford #Gloucestershire #business
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