The stagnation of the London real estate market has caused devastating damage to the famous Foxtons chain of estate agents. The grave 65% decrease is a result of slow growth in Foxton’s main market area, and the firm currently expects similarly challenging conditions to persist into 2028z. Foxton’s fortunes have historically ebbed and flow over time as the conditions within the London metropolitan real estate market have changed. Since 2024, the London housing market has experienced slow growth, or even limited price decreases.
- As the London housing market experiences a great slump, the estate agent company Foxtons also struggles.
- These unfavorable conditions are expected to remain through the entirety of 2018.
- The government at government hopes to prohibit unfair fees applies to renters.
“Foxtons expects “trading conditions to remain challenging during 2018″ and said that its current anticipated sales were lower than at the same time last year.”
Read more: https://www.bbc.co.uk/news/business-43223177
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