Estate agent Foxtons has said there was no improvement to a “very challenging” London property market in recent trading, as buyers are put off by Brexit uncertainty. Estate agent Foxtons has said there was no improvement to a “very challenging” London property market in recent trading, as buyers are put off by Brexit uncertainty. This was due to a decline in sales revenue from £8.2 million to £7.1 million in the period amid record low levels of house sale volumes. In a statement ahead of its Annual General Meeting (AGM), Foxtons said conditions in the London market remained “very challenging”, and that there had been no change during April. Last year Foxtons swung to a loss as it suffered from the slower house sales market.

Source: Irish Independent May 20, 2019 07:18 UTC