Estate agent’s pre-tax profit fell to £10.5m in the first six months of year from £18.1m a year earlier, with Brexit uncertainty blamed

Profits at Foxtons fell by 42% in the first six months of the year as uncertainty and confusion caused by the EU referendum led to a slump in property sales, with the estate agent warning that the downturn in London’s housing market would continue at least until the end of 2016.

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