2 Autumn Statement 2023 | Spread Heading
GUY GITTINS
CEO OF FOXTONS
INVESTING IN OUR CORE ASSETS
As London's largest lettings and sales estate agency, we continue to invest in
our people, technology and brand. This enables us to deliver robust results for
our clients in a challenging market and to claim our position as London's
number 1 estate agency brand, with more instructions than any other agency
and an incredible average time to exchange for sales of 104 days, 25% quicker
than the market average.*
COMMITTED TO SUPPORTING OUR CLIENTS
We continue to support our clients and customers across our business.
Recently, following publication of the Government's Renters Reform Bill, we
have actively engaged with the Government to offer our support in the Bill's
development in order to ensure the relationship between landlords and renters
improves and we deliver a quality and professional experience within the
Private Rented sector.
To address this challenging market, Tom Davies from our partner mortgage
broker firm Alexander Hall provides expert advice throughout this report.
GET IT DONE WITH LONDON'S NUMBER 1
Being able to adapt and adjust are paramount, and we are well-equipped to
guide our clients through the ever-changing market dynamics. Our unwavering
focus on delivering the right deal for our clients, supported by experience,
expertise and unique data insight, ensures a sense of safety and security
amidst an uncertain landscape.
LONDON'S HOUSING MARKET
REMAINS ACTIVE, DESPITE
CHALLENGING CONDITIONS,
AND OPPORTUNITIES ARE TO
BE FOUND. FOXTONS IS
COMMITTED TO INVESTING IN
OUR BUSINESS AND TEAM,
PROVIDING PROFESSIONAL
GUIDANCE TO HELP NAVIGATE
THE MARKET AND DELIVER THE
RIGHT SOLUTIONS FOR
OUR CLIENTS.
*TwentyCI data, H1 2023 v H1 2022 market share and market growth of new instructions at a brand level
CONTENTS 3 REVIEW AND OUTLOOK
4 LONDON'S SALES MARKET
5 LONDON'S LETTINGS MARKET
6 NEWLY BUILT HOMES
7 BUILD TO RENT