Property News · June 25, 2018

Countrywide seeks fresh funding as property sales slide


UK’s biggest estate agency group issues fourth profit warning in eight monthsShares in Britain’s biggest estate agent, Countrywide Properties, plunged 25% as it issued its fourth profit warning in eight months and called on shareholders to raise fresh funds to cut its debt.Countrywide, the company behind Hamptons, Bairstow Eves, Taylors and Gascoigne-Pees, has been hit hard by a downturn in the housing market in London and the south-east, as well as growing competition from new online firms. Continue reading…

Source : theguardian.com
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