Estate agent Foxtons has cheered the busiest start to the year since 2016 thanks to the booming property market sparked by changing buyer demands and the stamp duty holiday. Estate agent Foxtons has cheered the busiest start to the year since 2016 thanks to a booming property market sparked by changing buyer demands and the stamp duty holiday. Since the first coronavirus lockdown lifted, Britain’s property market has been firing on all cylinders thanks to homebuyers changing homes to suit remote working, as well as the stamp duty holiday, which was extended in last week’s Budget to June. The results follow the group’s recent acquisition of London rival Douglas & Gordon, which has a large lettings arm with 2,900 tenancies. Nic Budden, chief executive of Foxtons, said: “2021 has got off to a strong start, with further improvement in financial performance and the acquisition of Douglas & Gordon demonstrating the continued progress against our acquisition and growth strategy.

Source: Irish Independent March 10, 2021 12:00 UTC