July 26, 2019 / 6:38 AM / a month ago

CORRECTED-Lingering London weakness hits Foxtons half-year sales

(Corrects 1st paragraph to say demand for lower-value properties increased (not fell))

July 26 (Reuters) - Real estate agent Foxtons Group Plc posted lower half-year revenue on Friday, blaming a Brexit-driven downturn in the London market for a drop in house prices and an increase in demand for lower-value properties.

The company, which warned in May that British property sales were running at record lows as Brexit worries hit consumer confidence, said revenue for the six months to June 30 was 51.1 million pounds ($63.5 million), compared with 53 million pounds a year earlier.

$1 = 0.8044 pounds Reporting by Shashwat Awasthi in Bengaluru Editing by Edmund Blair and Jon Boyle

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