Property News · January 11, 2017

Foxtons shares slump after significant fall in London property sales


Estate agent predicts challenging year ahead in trading update amid slowdown in housebuying in capitalShares in Foxtons have slumped to a record low after the estate agent unveiled a sharp dip in profits and warned that housing sales would fall in the year ahead if demand for properties remained at the current level.Traders were quick to offload shares in the London agent as investor fears mounted about the state of the housing market in the capital. Shares were down 12% at 87p as the update was released, and were trading down 6% at 93p by 9am. Continue reading…

Source : theguardian.com
Read more…Foxtons shares slump after significant fall in London property sales

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