Foxtons set to expand

Foxtons who were at the centre of the row on over charging by letting agents is looking at massive expansion plans in the capital.

Currently, the up market letting agent has 37 branches in London but believes that there is potential for 100 branches over the next few years.  This comes on the back of a 12.8% increase last year in revenue to £110.8m.

This reversal of fortune comes after Foxton almost went bust after an over leveraged take out from it's founder Jon Hunt who sold out at the top of the property boom in 2007.

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