FOXTONS reports the strong results of the third quarter.
Powerful activities in the UK housing market have increased Foxton’s revenue by 114 % to £ 38.3 million. This is compared with the same period of £ 17.9 million in the same period of the previous year and £ 23.8 million in 2019.
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“As a result of the blockage of COVID-19 in 2020 and 2021, London Lettings Market
After the third quarter, we started with excessive supply and rent of the list.
9 % at the previous level of pandemic. This trend is mostly reversed during the quarter, and there is a list of wrestling right now.
Historical low levels and rent have returned to the pandemic level in August and September, “said the group in their trading statement.
Commenting on the latest results, the highest executive Officer Nic Budden stated: In the third quarter, many people returned to a pandemic -earlier job and research agreement, and supported the number of tenants to find appropriate characteristics.
“The sales business has reached a strong year, reflecting the highest levels and the increase in transactions since 2016. In the fourth quarter, there was a good momentum, at the 2019 level. Returning and sales are provided much more than the 2019 level.
