Foxtons Shares Jump on Boost to Sales From First-Time Buyers

Foxtons Group Plc shares rose the most in almost two months after the UK estate broker said it started the new year with an under-offer sales pipeline “significantly above” the previous year and the highest opening position since Brexit.

“The growth in the under-offer pipeline is partly driven by first time buyer activity ahead of increased stamp duty rates from April 2025,” the company said in a trading update on Tuesday. It expects some buyer activity to be accelerated into the first quarter of 2025, ahead of the deadline for the impending UK tax on property transactions.