Foxtons Group has reported revenue growth of 11% to £163m (2023: £147.1m) and adjusted operating profit growth of 33% to £19m (2023: £14.3m), according to its end of year trading update.

The national agent said outperformance reflected strong operational delivery, in particular significant sales market share gains which delivered a 30% increase in sales revenue year on year.

Lettings revenue, representing 65% of total group revenue, grew 5%. Lettings remains a key area of focus for Foxtons, underpinning group earnings with its non-cyclical and recurring characteristics.

Commenting on the latest figures Foxton’s chief executive Guy Gittins  said: “I’m delighted that we have delivered a second consecutive year of revenue and profit growth since I returned to the business in September 2022, as our turn-around strategy continues to deliver results, and we ended the year with earnings ahead of market expectations.”

He added: “We enter 2025 with optimism. We expect the lettings business to remain resilient and, in sales, we start the year with the highest opening under-offer pipeline since the Brexit vote in 2016.”