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Foxtons sales fall in weak London market

The estate agency is struggling to boost sales in a tough London market
July 26, 2019

An anaemic London housing market continued to drag Foxtons (FOXT) earnings down during the first half, as flat house sales volumes were offset by a decline in the average revenue per unit. Lower house prices and the sale of a higher proportion of cheaper properties drove sales revenue down 10 per cent.

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