Market report: Lockdown losses hit home at Foxtons

London-focused estate agent Foxtons suffered a 20pc slump in revenue during the first half of the year, underlining the impact of coronavirus on the housing market. Sales fell from £51.8m to £40.4m during the six months to the end of June as the pandemic halted viewings and sales. Revenue fell in all areas of the business – lettings by 21pc to £25.7m; sales by 28pc to £11.1m; and mortgage broking by 9pc to £3.6m. Sales volumes fell 28.1pc to 858 transactions,