Founded in 1981, Foxtons started life as a two-person agency in Notting Hill. Over the years we are proud to have become London's leading estate agent.


Estate agency Foxtons Group has announced the successful pricing of its IPO of 169.4m shares of one pence each. The price has been set at 230p per share.

Based on the Offer Price, the market capitalisation of the Company will be approximately £649m on admission.

The Offer is expected to raise gross proceeds of approximately £390m, comprising a primary component of £55m and secondary sales of £335m. Secondary sales will consist of a partial sell-down by Adnams BBPM Holdings Limited (an entity controlled indirectly by funds advised by BC Partners), executive directors of the Company and certain other employees of the Group.

Conditional dealings will commence on the London Stock Exchange at 8.00 a.m. today under the ticker FOXT.

Admission to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange and the commencement of unconditional dealings in the Shares ("Admission") are expected to take place at 8.00 a.m. on 25 September 2013. At Admission the Company will have 282,176,468 Shares in issue.

http://www.foxtons.co.uk/

strong close :-)
the morrow will see if it's an anomaly

2013 has been a very good year for IPO's.

London house prices leap 10% in just a month, I'm sure this will help the commissions of the estate agents.

read it again!
london prices were up 10% over the last YEAR!

I have, 10% in a month. yes

From sky news - London house prices are said to have soared to a new high this month, beating their previous record by nearly £30,000 and fuelling fears that the capital is overheating.

Property website Rightmove said asking prices in the capital saw an "unsustainable" 10% month-on-month increase in October, pushing typical asking prices to £544,232, leapfrogging a previous high set in July by more than £28,000.

in that case i'll have to look again, but it is totally impossible for prices to jump 10% in a single month - think about it; that would be 0.3% every single day of the month

Overheating ?

go to Nationwide House Price Index ...... liked wot i sed - london prices up 10% in a YEAR!

Right move - It put much of the increase down to a "frenzy" of activity in parts of prime inner London as overseas investors look for a safe haven to place their cash amid the troubles of the eurozone, which is "leaving the shelves bare".



Westminster was named as London's strongest-performing house price area in October. Prices there have soared by 11.9% month-on-month to reach £1.6m typically.


Clearly states over a month below from Sky =


Kensington, Chelsea, Hammersmith and Fulham also recorded increases of 11.8% in sellers' asking prices over the month.

Will they get their asking prices ?

i'll say no more, but you are absolutely mis-reading!!!

'go to Nationwide House Price Index' ...... I see 10% in Q3, the sky headline is not clear.

read it properly for goodness sake and see the attaching bar chart further down the left-hand side .... i would have c+p'ed for your very simple brain, but it wouldn't let me

Chill out for goodness sakes -

Read what I have put in post 28 Am I not agreeing with you? Sounds like another stressful day at work? I have agreed with you and also stating the sky write up is poor.


Eg of a poor write up from Sky - Kensington, Chelsea, Hammersmith and Fulham also recorded increases of 11.8% in sellers' asking prices over the month.

ok - i'm a muppet then :-)

I knew that already. (Joke) lol

Is Help to Buy a heaven-sent lifeline for those who can't tap the Bank of Mum and Dad - or a costly trap?

By Ruth Sunderland

PUBLISHED: 01:02, 23 October 2013 | UPDATED: 11:11, 23 October 2013




House moves: Help to Buy

Is George Osborne’s Help to Buy a heaven-sent lifeline for young adults, unable to get on with their lives because they cannot raise a deposit on a home of their own?


Or should the Chancellor’s big idea really be named Help to Buy Votes, as its critics believe?


To its detractors, the scheme is a foolish attempt by the Government to put a gloss on the economy ahead of the election, by luring people into loading up with debt in a housing market that is already showing signs of running amok.


The initiative allows borrowers to buy a home of up to £600,000 with a deposit of just 5 per cent, instead of the prohibitive 20 per cent down payment demanded by the High Street lenders.


A government guarantee will cover the remaining 15 per cent, meaning taxpayers could be faced with a multi-billion pound bill if borrowers who use the scheme fall into difficulty.


A key worry is that Help to Buy could come back to haunt the hopeful band of new homebuyers who use it – as well as taxpayers who are backing it.


Marion Bell, a former member of the Bank’s Monetary Policy Committee, said: ‘I have doubts about whether the way forward is for people to take on more debt. I wonder whether the Government should be taking on that risk onto its books.’


Government ministers and Bank of England policymakers are making soothing noises.


But the fact remains that property values remain high in relation to incomes, despite the slump. In some areas, notably London, they are rising fast, with a surge of 10 per cent in just a month in the capital according to website Rightmove, and the divide between the capital and the regions is becoming wider.


Help to Buy borrowers will also be charged a rate of around 5 per cent, which is comparatively high when set against many existing homebuyers on low cost trackers.


One big concern is that when base rates inevitably start to go up, many of them could be plunged into difficulty, sparking a wave of arrears and repossessions.



Interest rates, according to the ‘forward guidance’ given by new governor Mark Carney, are not likely to rise before 2016, unless unemployment falls faster than expected.


And according to Ben Broadbent, a former Goldman Sachs economist who sits on the Monetary Policy Committee, there is plenty of leeway to put base rates up before it would risk pushing people on Help to Buy into the mire.


‘I think there is a fair amount they could go up before borrowers got into great difficulty, I must say,’ Broadbent said.


He added that the ‘numbers entering this scheme are relatively low and although interest rates will at some point start to rise, it is worth remembering how low a level we are starting from.’


Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2471819/Is-Help-Buy-lifeline-tap-Bank-Mum-Dad.html#ixzz2iYtLnk45
Follow us: @MailOnline on Twitter | DailyMail on Facebook


http://www.dailymail.co.uk/money/mortgageshome/article-2471819/Is-Help-Buy-lifeline-tap-Bank-Mum-Dad.html

RNS renewed institutional share buying.

sp closes at 314p a good week with more to come.

i think so too ..... just may top up

sp 318p rising nicely ahead of IMS next week.