Home Commercial Property Foxtons finishes 2023 on a high

Foxtons finishes 2023 on a high

by LLP Finance Reporter
28th Dec 23 8:52 am

London’s largest lettings and sales estate agent brand, Foxtons, has finished 2023 on a high, after the latest industry data reveals the firm is both the fastest growing UK letting agent, as well as the fastest growing UK sales estate agent.

The data from independent industry source, TwentyCi, analysed the market of both UK sales and lettings agents between the 1 January 2023 and 12th December (latest available data), before comparing this to the same period last year.

The figures show that Foxtons has seen a 36% increase in market share across the UK lettings sector in 2023 when compared to last year.

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Across the UK sales market, Foxtons growth has been equally as dominant, with the firm seeing its market share climb by 28% year on year. Again, this rate of growth far outperforms the closest competitor, with Connells ranking second having seen a 9% increase year on year.

As a result, Foxtons finishes 2023 as the UK’s fastest growing lettings and sales estate agent brand despite the challenging landscape that has materialised over the course of the year.

Foxtons CEO, Guy Gittins, said, “In 2023 we have driven an enormous amount of change throughout Foxtons, investing heavily in our people, technology and brand.

The hard work and dedication of each and every person at Foxtons has meant we have not only reclaimed our position as London’s largest sales and lettings estate agency brand, we’re also very proud to be the fastest growing sales and lettings brand across the whole of the UK.

We now enter 2024 with incredible momentum and determination to continue relentlessly delivering the right results for our clients and customers.”

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