Foxtons slips to £2.5m loss amid weak London property market

Countrywide is also expected to report grim sales figures – and a cash call on investors

Foxtons has crashed to a loss after struggling to sell houses in London’s sagging property market, as concern grows of wider problems facing Britain’s estate agencies.

Later this week Countrywide, the UK’s biggest independent agency, is also expected to report grim sales figures and an emergency cash call on investors to help pay down £200m of debt.

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Source: the guardian – property
Foxtons slips to £2.5m loss amid weak London property market