Adam Jennings at Chestertons says there is a 125% increase in landlords lowering rents as the market in the Capital cools.
Read MoreFoxtons share price rises stall after mixed financial results
The London-based agency has seen its share price fall around 2% this week after months of increases but senior team say growth in and outside London will continue.
Read MoreEXCLUSIVE: Foxtons targets national market in growth plans
Foxtons CEO Guy Gittins tells The Neg his vision for the London agency is expansion across the whole of the UK with 500-600 offices.
Read MoreFoxtons full year profits hit by acquisition spree costs
The London agency says the cost of integrating Ludlow Thompson and 'consolidating' its branch network hit profits.
Read MoreBuild to Rent growing 23 times FASTER than PRS
Analysis by Foxtons reveals that Build to Rent stock has increased 69% since 2013, with the biggest market share in London.
Read MoreBig estate agency poaches Purplebricks’ lettings chief
In his new role Bailey will work closely with LRG’s Kim Lidbury and will be charged with the implementation of a number of projects.
Read MoreFoxtons shares continue to surge despite sales fall
The London agency has seen its share price leap more than 50% in six months even though its sales results are disappointing.
Read MoreFoxtons high flyer moves to LRG to head up mortgages operation
The newly created position comes after LRG’s acquisitions of Stirling Ackroyd, Alexander & Co and Peter Ball expanding the group by 41 branches.
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