March 7 (Reuters) - British estate agency Foxtons Group
Plc said on Tuesday it expected property sales market
to turn favourable in the latter part of 2023, as high mortgage
rates and broader economic worries continue to crimp homebuyers'
purchasing power.
London's largest estate agent said adjusted operating profit
from continuing operations for the year ended Dec. 31 was 13.9
million pounds ($16.73 million), beating market expectations of
12.5 million pounds.
($1 = 0.8307 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Rashmi Aich)
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