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Real estate agency Foxtons said it would be begin re-opening its branches over the course of this week, with all branches expected to open by 1 June 2020. The company also reported a slump in commissions as lockdown measures weighed on growth.
Furloughed employees back to work on a gradual basis from the same date, the company said. In the eight weeks between Monday 23 March 2020 and Friday 15 May, commissions earned were down 44% on the prior year, with lettings commissions and sales commissions, down 40% and 61%, respectively.
Mortgage broking, meanwhile, revenues were down 2%.