Foxtons Plc (LSE:FOXT) full-year figures on Wednesday, March 5 will see the estate agent update just before a hike in stamp duty lands on the market.
Warnings have emerged that the hike, which comes into force in April, will spark volatility, after buyers have rushed to complete deals to avoid the tax bill.
Indeed, Foxton’s said in January that first-time buyer activity prior to the hike had driven an uptick in its under-offer pipeline as 2025 got underway.
An 11% rise in revenue to around £163 million and growth in adjusted operating profit from £14 million to £19 million for the year to last December was also flagged at the time.
Attention will no doubt be on Foxtons’ outlook and any commentary around the impact of April’s stamp duty increase as a result.
Foxtons had noted early data showed an increase in new buyer activity for the year ahead, despite uncertainty around future interest rate cuts and subdued consumer demand.
“The speed and extent of future interest rate reductions will likely determine the level of buyer demand in the market, with faster interest rate cuts providing an opportunity for accelerated growth,” it said.