LONDON Oct 19 British estate agent group
Foxtons said a continuation of lower activity in the
property sales market in London had hit its business, pushing
quarterly sales revenue down by a third.
Foxtons, a symbol of London's booming property market in
recent years, warned three months ago that Britain's vote to
leave the EU in June had lead to a fall in transactions which
could last until the end of the year.
Quarterly sales revenue came in at 12.2 million pounds ($15
million) for the three months ended Sept. 30, down from 18.5
million pounds in the year-earlier period.
Foxtons said in its statement on Wednesday that tight cost
control would help it deliver annual results in line with market
($1 = 0.8148 pounds)
(Reporting by Sarah Young; editing by Kate Holton)