Foxtons share price soars after London estate agent outperforms market
London-based estate agents Foxtons has reported a double-digit growth, fuelled by gains in market share across both sales and lettings.
The company's revenue for the year ending December 2024 increased by 11 per cent to £163m, up from £147.1m in 2023, while its adjusted operating profit saw a rise of 33 per cent to £19m, compared to £14.3m in 2023, as reported by City AM.
Early trading saw the firm's share price climb nearly seven per cent. Lettings revenue, which constitutes around 65 per cent of total revenue, grew approximately five per cent, with Foxtons maintaining its status as London’s largest lettings agent.
This robust growth is partially attributed to th
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