Foxtons reports a nine-year high in property sales as buyers rush to avoid upcoming stamp duty hikes.

Foxtons, a London estate agency, reported a surge in property sales under offer, hitting a nine-year high as first-time buyers rush to beat April's stamp duty changes. Revenue and profits for 2024 exceeded expectations, growing by 30% year-over-year. The high under-offer pipeline and resilience in the lettings business paint an optimistic outlook for 2025, despite interest rate uncertainties. Foxtons shares rose 4.16% on Tuesday.