Foxtons reports 25% rise in revenues but tougher 2023 lies ahead

Estate agent's results come as report predicts UK mortgage lending is heading for big slump

The London estate agent Foxtons has flagged a less certain" sales market, as it reported a 25% rise in third-quarter revenues driven by higher rents and longer contracts for tenants.

Revenues in the three months to 30 September rose to 43.8m, taking revenues for the first nine months of the year to 109m, up 11% on a year earlier.