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Real estate agency Foxtons sees H1 profit above pre-COVID levels

Jun 3, 2021

(Reuters) – London-based real estate agent Foxtons Group expects first-half adjusted operating profit to exceed pre-pandemic levels, it said on Thursday, helped by a strong recovery in the UK housing market after an initial hit from the health crisis.

In a trading update ahead of its capital markets day, the company said its sales commission pipeline was 65% ahead of last year and 17% up compared with Jan. 1 levels.

(Reporting by Muvija M in Bengaluru; Editing by Ramakrishnan M.)