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Evening Standard

Business

Jonathan Prynn

Foxtons warns of sharp slowdown in London property market ahead of Autumn Budget

Foxtons Budget London Guy Gittins

Foxtons warned on the impact of the Budget (John Stillwell/PA) - (PA Archive)

London’s property market has slowed dramatically as buyers go on strike amid fevered speculation about the contents of the “delayed” Budget, estate agency Foxtons warned today.

In a trading update its chief executive Guy Gittins said:"Macroeconomic uncertainty and speculation surrounding the delayed Autumn Budget has resulted in a subdued sales market as some buyers adopt a 'wait and see' attitude to purchases.”

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