In a trading update, Foxtons has revealed that it has now closed six offices.
They include its flagship branch in Park Lane, plus Barnes, Beckenham, Enfield, Loughton and Ruislip.
It said that it continues to cover 85% of London from 61 branches.
In the third quarter of this year, it said that group revenue was flat year on year at £35.1m, taking total revenue for the nine months ended September 30 to £88.1m, down from £93.7m in the same period last year.
Lettings revenue was slightly up at £23.1m (2017: £22.5m) but sales revenue in the quarter was marginally lower at £9.9m (2017: £10.3m).
Foxtons called this “a solid performance amidst ongoing reduced transaction levels”. Revenues in the mortgage broking business, Alexander Hall, were £2.1m (2017: £2.3m).
CEO Nic Budden said: “This was a solid quarter in a challenging market.
“Whether it’s securing a premium valuation for a house sale or letting a property to a quality tenant, we know our customers value exceptional service that delivers results, and this is how we differentiate ourselves.
“We are managing the business for the current market conditions and remain confident in our long-term prospects.”
Foxtons will issue a post close update in January ahead of full-year results in February.