UK estate agent Foxtons blames Brexit vote for profit drop

July 29, 2016 6:13 AM

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LONDON, July 29 London-focussed estate agent Foxtons blamed a 42 percent drop in its first-half profit on Britain's EU referendum, saying it led to a fall in transactions which is likely to last until the end of the year.

Foxtons, a symbol of London's booming property market in recent years, warned shortly after the June 23 vote, in which Britons backed Brexit, that its earnings would fall due to the vote.

Also read: UK's upper chamber to debate Brexit laws later on Wednesday

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