Foxtons calls the bottom of the London property market

[Nicholas Wallwork]

Predominantly London-based estate agent Foxtons has today issued full-year results which showed turnover is down by 12% but perhaps more importantly, sales commissions from the London markets were down by 25% in the final quarter. Even though the company still received in excess of £70 million in sales commission during 2014 this is perhaps the [...]

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[gih_hk]

Definitely a result of the new Stamp Duty and Property Tax. Also, the coming elections. We'll most likely get a clearer picture about where London property stands when the dust settles post-election.

What do you think?