Foxtons Group Reports Strong Q1 Revenue Growth Amid Surge in Market Activity

PUBLISHED: 23 Apr 2025 @ 18:17 | Comments (0) | More info about Fiona Craig

Foxtons Group PLC (LSE:FOXT) delivered a robust start to 2025, reporting a 24% year-on-year revenue increase for the first quarter, reaching £44.1 million. This growth was fueled by a remarkable 73% rise in Sales revenue and a 5% uplift in Lettings income, reflecting the impact of recent strategic acquisitions and a spike in market transactions ahead of an anticipated stamp duty change.

The company recorded its highest quarterly Sales revenue since 2016, reaffirming its leadership position in the London property market. Although Foxtons entered Q2 with a lower volume of under-offer properties, it remains optimistic about recovering momentum as the year progresses. The potential for interest rate reductions later in 2025 could further stimulate demand, supporting continued growth.

Financially, Foxtons maintains a strong performance trajectory, with expanding profitability and shareholder-focused strategic actions. While technical indicators currently suggest near-term volatility, the stock’s appealing valuation and proactive corporate strategy point to promising long-term prospects.

About Foxtons Group PLC

Established in 1981, Foxtons is a dominant force in London’s residential property market, recognized as the city’s largest lettings agency. The company operates an extensive branch network across London and rapidly growing commuter towns, offering a comprehensive suite of services across Lettings, Sales, and Financial Services. Foxtons’ growth strategy centers on leveraging its recurring revenue streams and proprietary technology platform to expand market share and enhance customer experience.

Key Financial Highlights:

Year-to-Date Share Price Change: -15.04%
Average Daily Trading Volume: 420,414 shares
Market Capitalization: £173.3 million
Technical Sentiment: Sell

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