It was also frustrated about pay after Foxtons boss Nic Budden, 53, got a near-£1million bonus last year despite it receiving £6million of pandemic aid from the Government.
Barlow said he was stepping down due to governance guidelines that chairmen should not be on boards longer than nine years.
He blamed share performance on challenges to the London market since Brexit, and the pandemic. Stock fell 0.9 per cent, or 0.5p, to 58.5p.
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