Property News · February 28, 2019

London property slump pushes Foxtons to first annual loss since 2013


Nationwide says house prices dipped 0.1% in February from January to average of £211,304 The London estate agent Foxtons slumped to its first annual loss since its stock market debut six years ago, blaming a further fall in the number of homes sold and warning of a prolonged downturn in the capital’s property market.Foxtons, known for its hefty commissions and fleet of Mini Coopers, said low consumer confidence because of Brexit uncertainty, the impact of higher stamp duty introduced in 2016 and low affordability in London after years of rapid house price growth were all weighing on the market. Continue reading…

Source : theguardian.com
Read more…London property slump pushes Foxtons to first annual loss since 2013

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