London estate agency Foxtons reported group revenue of \u00a3172.5 million for 2025, representing a 5% increase, while operating profit remained largely static at \u00a322.2 million compared to \u00a322.1 million in the previous year.<\/p>\n
The company attributed the flat profit performance to increased operational costs, including higher National Insurance contributions and National Living Wage requirements, alongside broader inflationary pressures affecting the business.<\/p>\n
Foxtons warned that market conditions in London remain difficult, stating: \u201cThe London sales market remains challenging, with buyer demand in early 2026 continuing to be held back by weak consumer confidence.\u201d<\/p>\n
The agency indicated it is \u201cfocused on repositioning the sales business for these lower volume market conditions to accelerate the path to profitability.\u201d<\/p>\n
Sales revenue increased 6% from \u00a348.6 million to \u00a351.3 million, with growth attributed to revenues from acquisitions in commuter markets. Lettings revenue rose 5% to \u00a3111 million from \u00a3106 million, supported by acquisition revenues and expansion of property management services.<\/p>\n
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Financial services revenue grew 10%, driven by operational improvements and increased refinancing activity.<\/p>\n
CEO Guy Gittins stated: \u201cOur continued focus on growing non-cyclical and recurring lettings revenues enabled us to maintain adjusted operating profit despite a volatile sales market.\u201d<\/p>\n
In January, Foxtons acquired Birmingham-based lettings agency FleetMilne for \u00a33.2 million, marking the company\u2019s first significant expansion outside the South East region.<\/p>\n
Gittins said the acquisitions in Milton Keynes and Birmingham \u201chave extended our footprint into high-growth markets outside London\u201d and reflect the company\u2019s strategy of \u201centering new markets by acquiring leading agents that act as platforms for further organic and acquisitive growth.\u201d<\/p>\n
The company cited the fragmented nature of the UK estate agency market as creating opportunities for consolidation, noting it maintains \u201ca strong pipeline of opportunities\u201d for future acquisitions.<\/p>\n","protected":false},"excerpt":{"rendered":"
London estate agency Foxtons reported group revenue of \u00a3172.5 million for 2025, representing a 5% increase, while operating profit remained largely static at \u00a322.2 million compared to \u00a322.1 million in the previous year. The company attributed the flat profit performance to increased operational costs, including higher National Insurance contributions and National Living Wage requirements, alongside […]<\/p>\n","protected":false},"author":1,"featured_media":9049,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n