Foxtons Sale Commissions Slump as London Market Weakens

Foxtons Plc, a property broker focused on southeast England, said fourth-quarter sales commissions fell about 26 percent from a year earlier because fewer people bought homes in a weakening London market.

Foxtons doesn’t expect sales volume to recover until after national elections in May, the London-based company said today in a statement. Revenue declined by 12 percent, Foxtons said.