Foxtons Sales Drop, Lettings & Financial Services Surge

Foxtons first quarter sales fees plummeted by 35%, leading to a 10% drop in total revenue and a 4% share dip. The sales market remained sluggish due to geopolitical tensions, higher mortgage rates, and reduced loan options. However, lettings and financial services revenue surged, accounting for over two-thirds of the total. Foxtons anticipates growth from the Renters Rights Act and remains optimistic about their full-year outlook. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/78aac8ddcb9d4acb