Foxton's Share Price dropping rapidly

wotsthat

HPI Fever has been cured - hurrah!

tkane

Bubble_and_Squeak wrote: »

as paul simon once said
"all lies and jest. still, a man hears what he wants to hear and disregards the rest."
in this case you are disregarding the long term trend.

I also think London prices, certainly outside Central London, will end up at least 10% higher if a Conservative-led government is elected.

I am seeing buoyant activity in my part of London despite the so called 'slow down' we are meant to be in.

If Labour get in, who knows what will happen. But I think the chances of Ed Miliband being our next Prime Minister are rather slim now.

cells

It is slowing down from what was an unsustainable 20-25% HPI but imo it will just lower to a more sustainable 5-10% pa

for perspective inner London Land Reg Data
Hackney Average Price
JAN 2011 £370k
NOV 2014 £610k

mayonnaise

Oh looky, it's up to 205 now.

Bubble_and_Squeak wrote: »

its a lead indicator for house prices and rents in the regions where foxtons operates.

That's right, Bubbles. :rotfl:

Conrad

Cheaper leaner online agents are in the ascension now. Guy I know offers everything a traditional agent does, plus floor plans and EPC for free, plus HQ photos and details on Rightmove all for a low fee. He works from home but his website is very sophisticated.

padington

Regardless of share price up or down ...

Foxtons do have a tons of high end real estate to upkeep together with an unpopular reputation, I wouldnt touch their business model with a barge pole in 2015. 2.5% non negotiable required commission is a sign of a cumbersome model to me.

No more traditional estate agents for me personally either. Anything over 1% with zoopla about is throwing money away.

hpifever

Dropped back to 197.

Bubble_and_Squeak

wow!
foxtons doing an ian since i been away
whats going on?
is the boom back on?

TheBlueHorse

2.5% non negotiable???? HAAHAAAAAAAAA out of business for them. I have never paid more than 1.5% in the last few years. Sometimes as low as .75% or 1%.

Jokers.

mayonnaise

Up 10% following election result.