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Revenues at London-based estate agent Foxtons have fallen as the housing market in the capital continues to weaken.
Third quarter revenues fell 7% to £32.5m, and for the first nine months of the year are down 5% to £83.6m.
Foxtons said sales in London were hit by "ongoing political uncertainty", and sales revenue for the quarter dropped 15% to £8.4m.
Its lettings business held up better, although Foxtons said the tenant fee ban - which prevents letting agents from charging fees to tenants when setting up or renewing a tenancy agreement - meant revenue on that side of the business slipped 4%, to £22.1m.
Chief executive Nic Budden said: "Overall, this was a resilient performance set against the London sales market which continues to deteriorate and the impact of the tenant fee ban on our lettings business."
