Tag: Foxtons
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Foxtons Pushes Ahead with Strong Start to the Year
Foxtons, the well-known estate agency, has kicked off the year with an outstanding first-quarter performance, marked by a 9% increase in revenue reaching £35.7 million. This growth spans all of Foxtons’ operations, aligning perfectly with the expectations set by management. Lettings Market Shows Steady Growth The lettings segment of Foxtons showcased a solid increase of…
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Foxtons Poised for a Bright Future as Lettings Lead the Charge
Investors looking for promising opportunities in UK property-related shares might want to consider Foxtons Group plc. The renowned estate agency, known for its robust management and strategic business operations, is anticipated to experience significant growth in the near future. Master Investor, a respected UK investment platform, advocates for Foxtons as a sound investment due to…
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London Rent Rollercoaster – Prices Drop as Supply Soars
London’s rental market is showing signs of a significant shift. For the first time in months, renters are finding themselves in a position of power, with rents on a downward trajectory. This change comes as landlords begin to face the music, adjusting their expectations in response to a market that’s rapidly evolving. Recent reports from…
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London’s Lettings Market Sees Shifts
The lettings market in London is showing signs of ‘normalisation’ after a period of unpredictability. In February 2024, the capital saw a 20% increase in new lettings listings compared to February 2023. Although this figure dipped by 10% from January 2024, the overall trend for the year to date shows a robust 19% increase in…
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London Rent Prices Set to Stabilise
Foxtons has forecasted a cooling period for the sky-high rents that have burdened many Londoners. The dramatic rent increases that have characterised the past year are expected to take a backseat, with predictions pointing towards a much more stable and affordable rental market. According to Foxtons, the pressure cooker environment of tight supply coupled with…
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How “Build to Rent” Is Changing the Game For Older Renters
The “Build to Rent” (BTR) sector, though still in its early days, is on the cusp of a major boom, with demographics indicating a rise in older renters seeking quality and stability in their housing choices. Build to Rent properties, designed specifically for renting rather than sale, are becoming an increasingly prominent part of the…
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The Future of Renting – Build to Rent Booms in the UK
The latest analysis from Foxtons, a leading estate agency, highlights the BTR sector’s continuing rise. As of now, BTR homes represent almost 2% of all privately rented properties nationwide, a figure that climbs to a remarkable 4.2% within London. This proportion is the highest since records began in 2018, underscoring the sector’s growing appeal among…
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London’s Rental Market Shows Signs of Stabilisation
According to the latest research from leading letting agents Foxtons, the rental market in the capital has experienced a slight decrease in prices alongside an increase in property availability. This news comes as a slight relief for renters who have been dealing with the challenges of London’s rental market. Foxtons’ findings reveal a modest 1%…
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London’s Rental Market Springs Back to Life
The London rental market is buzzing with activity as we kick off 2024, showing signs of a more balanced and accessible market for renters and investors alike. With a significant increase in the number of rental properties available and a slight dip in rental prices, here’s everything you need to know about the current state…
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Foxtons Optimistic for 2024
Foxtons, known as London’s largest estate agency, has recently shared a positive outlook for its business in 2024. The company attributes this optimism to a robust performance in the lettings market and a noticeable increase in homebuyer demand, spurred by more favorable mortgage rates. Rental Demand Skyrockets, Leading to Higher Rents 2023 witnessed a significant…