Foxtons Share Discussion Threads

[ny boy] 17/10/2016 20:48

Finally slump to penny status, the super rich aren't paying for over priced prime central London property, simples, market is in a huge bubble, which has just started to burst.

[opodio] 15/10/2016 07:45

sub 60p soon imho

[ny boy] 09/10/2016 23:25

240p last October..says it all really!

[ny boy] 07/10/2016 11:47

Foxtons I heard built their model on winning instructions by quoting over the top asking prices, thus beating other agents to the instruction, then blaming the market when they have to tell the vendor prices are no longer achievable. Can't see them surviving in this post Brexit market, unless they start recruiting every foreign language bird around the globe, to spin a new story, the £ is collapsing buying into London, don't worry you're only buying into a bubble lol!

[dt1010] 06/10/2016 08:24

Jugears. What's that smell?

ROFL

[kendonagasaki] 15/9/2016 18:10

Tell em Cancun.Sometimes people are blind toward the truth?

[cancun tango] 13/9/2016 12:06

London house sales down 46% in May yoy

[kendonagasaki] 30/8/2016 08:45

Jugears I concour.The London property market started crashing evidently last August. I sold all my properties two years ago and kept a couple of commercial units, that I am off loading within the next month.The quickening of the crash will be even more evident in 2017,Interest rates at all time low, property at all time highs?This time I see a decade of stagnation and decline in the private and public property sectors if not longer.Kendonagasaki is short all the way here.

[hillofwad] 30/7/2016 06:37

Foxtons is not the same company that Jon Hunt started and is not driven by stakeholders and irrespective of vagaries of the proeprty market e was always set to stumble to a price where the maangers can buyout probably with the help of another vulture fund and the whole merry cycle kicks off again .Jug The London market is not finished -there will always be transactions but sales are more difficut to achieve s you say its easy for individual companies to blame market conditions but a good agent will always earn decent fees whatever the market . Unfortunately thats unlikley to be Foxtons

[panic investor] 29/7/2016 12:55

A company that knows no rules out on the street. Would love this to go bust, unfortunately I doubt that will happen. This is the Tesco of the Estate Agency game.

[ny boy] 29/7/2016 08:30

Foreign buyers don't want or need to buy market cycle tops, the currency gain isn't all that if you have just started a property cycle correction.

Global cities are experiencing corrections, London will likely to be more severe as the market simply became way too expensive and out of sync. Also with high end apartment developments, supply is way to high and rising and demand dwindling to a trickle, the outlook is negative for at least a year or unless The government have a re think on SDLT rates, possible, as Osborne has gone.

[cancun tango] 25/7/2016 03:32

Brexit uncertainty and stamp duty hikes are to blame for a fall of almost 50% in profits at Foxtons this yearhttp://www.thisismoney.co.uk/money/news/article-3704812/Foxtons-set-say-profits-halved-half-year-estate-agent-bore-brunt-stamp-duty-increases-Brexit-uncertainty.html

[aishah] 19/7/2016 10:35

Transaction volumes in prime central property have dipped lower than their last trough in 2008, according to research from property data company LonRes.

In the second quarter of this year, there were only 286 sales in prime central London property recorded, lower than the 347 sales recorded in the fourth quarter of 2008.

[aishah] 14/7/2016 10:33

House prices in London are set to suffer a more severe blow than any other part of the UK, according to the first major survey to be conducted in the wake of last month’s shock Brexit vote.

Chartered surveyors in the capital expect prices to tumble during the next 12 months, as post-referendum fears grip the property sector.

Across the UK as a whole, surveyors report that the level of interest from prospective homebuyers has collapsed to its lowest level since the depths of the financial crisis.

[kmann] 13/7/2016 09:10

Hunter Hall having ball here after INCREASING. They can see the win win scenario imo of foreign buyers, low intrest rates, longlife mortgages ... etc

[ny boy] 06/7/2016 09:48

The only slight positive is the foreign buyers may come back for some bargains with Prime Central London in a slump and another 10-15% off for currency trade. Still is London still got the safe haven status with a UK current account deficit running at an alarming 7%?

[tjbird] 04/7/2016 19:20

awesome if this gets to 18p


Arent black rock a mammoth holder and geting there bum smacked

[dt1010] 04/7/2016 19:01

look at inland homes - what a drop!

[rubberbullets] 04/7/2016 15:41

MARKETSUK construction output falls at fastest pace since ’09 – Markit
6 hours ago
URL
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Britain’s construction industry suffered its worst performance in June for seven years and has slumped into contraction territory, a closely-watched survey of activity has suggested, as the sector was rocked by uncertainty over the outcome of the EU membership referendum.

The UK construction purchasing managers’ index dropped to 46 for June from 51.2 the previous month – economists had expected it to fall to 50.7. Any reading below 50 indicates contraction. Just over 80 per cent of responses were received before the result of the referendum, writes Nathalie Thomas.

The fall in the PMI was triggered by a steep decline in residential building work while the commercial sector was also hit. The result is the worst PMI reading since June 2009 and the first time the index has fallen below the crucial 50 mark since April 2013.