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Real estate agency Foxtons sees H1 profit above pre-COVID levels

Published 03/06/2021, 07:45
Updated 03/06/2021, 07:50
© Reuters. FILE PHOTO:  A Foxtons estate agent sign is seen outside a branch in west London, Britain July 29, 2016.  REUTERS/Peter Nicholls/File photo
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© Reuters. FILE PHOTO:  A Foxtons estate agent sign is seen outside a branch in west London, Britain July 29, 2016.  REUTERS/Peter Nicholls/File photo

(Reuters) - London-based real estate agent Foxtons (LON:FOXT) Group expects first-half adjusted operating profit to exceed pre-pandemic levels, it said on Thursday, helped by a strong recovery in the UK housing market after an initial hit from the health crisis.

In a trading update ahead of its capital markets day, the company said its sales commission pipeline was 65% ahead of last year and 17% up compared with Jan. 1 levels.

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