Foxtons Group (FOXT): 2026 Sales recovery
This situation live
FOXT Foxtons Group
15 Jan 2026 · Q1 2026 Sales revenue to be lower · −10% until the next step
Due to the lower under-offer pipeline, Q1 2026 Sales revenues will be lower than those recorded in Q1 2025.
5 Mar 2026 · Early 2026 demand still weak · −13% until the next step
The London sales market remains challenging, with buyer demand in early 2026 continuing to be held back by weak consumer confidence.
23 Apr 2026 · Q1 Sales down 35%; market weaker than expected · −5% until the next step
New buyer activity during the period was lower than initially expected, impacted by elevated levels of uncertainty stemming from recent geopolitical developments and subsequent increases in mortgage r
16 Jul 2026 · Sales downturn prolonged; no recovery expected · +0% until the next step
The sales market is expected to remain subdued amid ongoing political uncertainty and a challenging macroeconomic backdrop.
30 Jul 2026 · Sales downturn continues; no recovery expected · −6% since
The London sales market remains challenging, with buyer activity continuing to be held back by weak consumer confidence and higher interest rates.
2026 Sales recovery
Sales downturn continues; no recovery expected
Next: further Sales operating model changes under consideration
Every step · 5
- 15 Jan 2026 Q1 2026 Sales revenue to be lower – Due to the lower under-offer pipeline, Q1 2026 Sales revenues will be lower than those recorded in Q1 2025. ↗
- 5 Mar 2026 Early 2026 demand still weak – The London sales market remains challenging, with buyer demand in early 2026 continuing to be held back by weak consumer confidence. ↗
- 23 Apr 2026 Q1 Sales down 35%; market weaker than expected – New buyer activity during the period was lower than initially expected, impacted by elevated levels of uncertainty stemming from recent geopolitical... ↗
- 16 Jul 2026 Sales downturn prolonged; no recovery expected – The sales market is expected to remain subdued amid ongoing political uncertainty and a challenging macroeconomic backdrop. ↗
- 30 Jul 2026 Sales downturn continues; no recovery expected – The London sales market remains challenging, with buyer activity continuing to be held back by weak consumer confidence and higher interest rates. ↗
What is happening
Foxtons Group: 2026 Sales recovery – Sales downturn continues; no recovery expected. ['Sales downturn continues; no recovery expected']
- In short
- Q1 Sales revenue fell 35% and the market was weaker than expected. In the H1 results Sales revenue was down 13% (against a stamp-duty-boosted comparator) and volumes down 11%. The CEO calls 2026 likely one of the lowest years for London transaction volumes on record. Management keeps optimising the operating model.
- Announced
- 15 Jan 2026 · Q1 2026 Sales revenue to be lower
- Latest
- 30 Jul 2026 · Sales downturn continues; no recovery expected
- Sales outlook
- Expected to remain subdued amid political uncertainty and a challenging macroeconomic backdrop
- Further action
- Further operational and organisational changes under consideration
- FY26 guidance
- Adjusted operating profit £17m-£19m, weighted to H2
- H1 Sales revenue
- £23.5m, down 13%; volumes 2,113, down 11%
- Drivers
- Domestic political uncertainty, Middle East conflict, higher-than-expected interest rates
- Policy ask
- CEO urges new cabinet to prioritise Stamp Duty reform
What comes next
further Sales operating model changes under consideration.
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