Foxtons Share Discussion Threads

[dt1010] 24/11/2016 19:35

lol NY boy.

Can see this at 50p within 1 year.

[ny boy] 24/11/2016 10:41

Last one out of the green minis turn the lights off

[aishah] 24/11/2016 09:08

Countrywide's statement today says it all!

[kendonagasaki] 24/11/2016 08:25

Combine in the factors of slowing. Home price rise, continued increases for to buy to let vendors and the chancellors downgrading economic growth for the next 12 months I can really see Foxtons struggling here.Yes please I'll buy one of those minis.

[ny boy] 24/11/2016 08:19

Falls more to do with no change to SDLT so expect a continuing prime central London sluggish market and very few sales.. taking longer to go through, which is hitting their nos and will continue to do so.

[ny boy] 24/11/2016 08:17

Dead cat bounces to 1p

[diku] 23/11/2016 22:38

Landlords should get tough & not pay agents asking % fee...negotiate lower fee with agents...Agents have no choice but to accept it or they go to the wall...

[blueball] 23/11/2016 22:26

Zac Mirs 75p target.

[telbap] 23/11/2016 15:27

All that will happen is a re location of the administration fee into another name, probably facilities fee, or directors barbados holiday fee, or similar.

[hillofwad] 23/11/2016 11:26

Just a sausage which gets squeezed admin fee just moves along the line withe tenant most likely to be absorbing the cost in increased rent or other ways Pure window dressing and doesnt make life any easier

[diku] 23/11/2016 10:51

Did I hear Chancellor's statement... they are going to ban on letting fees paid by tenants to agents?...now that the property prices have gone to the moon aided by QE & delibrately low interest for so long ... they are tackling the issues for first time buyers who are struggling to get on the property ladder by going round the bushes...property mortgage could do with a complete separate interest rate setting...

[analyst] 23/11/2016 10:44

News that the UK government will ban fees charged by estate agents to cover the supposed administrative costs of families renting their homes has seen shares in the sector slump (credit checks, right to reside in UK checks, etc).

Countrywide is down 6%, Foxtons has fallen 9% and Savills has slipped 1%. Purplebricks has lost more than 4%.

[diku] 23/11/2016 10:42

Did I hear Chancellor's statement... they are going to ban on letting fees paid by tenants to agents?...now that the property prices have gone to the moon aided by QE & delibrately low interest for so long ... they are tackling the issues for first time buyers who are struggling to get on the property ladder by going round the bushes...property mortgage could do with a complete separate interest rate setting...

[diku] 23/11/2016 10:01

Are those green minis up for sale?....

[srpactive] 23/11/2016 10:00

Councils entering this market.

[kendonagasaki] 23/11/2016 09:11

It's gonna be one of the best shorts of the year.

[blueball] 23/11/2016 09:06

Looks a great short to 80p imo.

[salpara111] 23/11/2016 08:42

I don't own but you can be pretty sure that the agents will simply raise their monthly management fee so that they recover the loss, clearly it wont be as good for cash flow but I don't expect it to have any material impact on their overall revenue.
Ultimately the tenant will pay the fees but they will be included in the monthly rental cost instead of up front which I guess will help.

[kendonagasaki] 23/11/2016 08:09

Landlords have to face the bills themselves now.Time to stiffen up the competition and lower prices impacting on profits ?

[opodio] 23/11/2016 08:05

Changes coming to letting agents in todays autumn statement

That will cut little runts PURPs legs off As well as Foxtons and Belvoir

[kendonagasaki] 03/11/2016 10:47

They will soon need to close a few more branches here at this rate.

[kendonagasaki] 25/10/2016 20:18

Down, down, down and down!The property crash is on course and on time.More pain to come here I'm afraid, it's not going to get better until it gets a whole lot worse?

[kendonagasaki] 20/10/2016 09:45

A 34% decline in revenue and this trend will continue as the market starts to crash.London has been in free fall for 16 months and we have worse to come.This is going own.

[rock star] 19/10/2016 07:37

Just read the Travis Perkins update as well and that's not so hot. Post Brexit hangover looks like it's about to kick in.

The problem is the U.K. is reliant on foreign investment. Once that dries up we up the creek.