Foxtons and Travis Perkins shares fall amid housing market fears

Discussion in 'Market News' started by Lily, Oct 22, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Stock market reacts after companies say residential property sector is proving sluggish and will take time to recover

    Shares in Foxtons and Travis Perkins have been hit after the companies raised fears over the strength of the housing market.

    Foxtons, the south-east-focused estate agent, warned that the market was taking time to recover, especially in central London, where property transaction levels remain at historically low levels owing to strong recent price growth and stamp-duty changes.

    Related: Is Foxtons the estate agent London deserves? | Andy Beckett

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