Foxtons warns of ‘subdued’ sales as budget uncertainty deters homebuyers

Shares in estate agent fall sharply amid concerns over possible property tax changesBusiness live – latest updatesThe estate agency Foxtons has warned of weak sales for the rest of the year as economic uncertainty and potential property tax changes in next month’s budget deter buyers, sending its shares sharply lower.The London-focused company, known for its F-emblazoned green and yellow minis, said buyers had been holding off ahead of the budget on 26 November, which is a month later than usual. Continue reading...