The London property market has slumped near to “historic lows”, Foxtons claimed yesterday as it announced a 65% fall in annual profits.
The upmarket estate agent reported pre-tax profits of £6.5m for last year, down from £18.8m in 2016 and lower than the consensus forecast among analysts of £9m.
Shares in Foxtons promptly fell, closing 7¼p, almost 9%, down at 76p.
