Property News · November 24, 2016

Countrywide warns over profits amid housing slowdown


Estate agency says stamp duty changes and uncertainty after Brexit vote are leading to fewer sales, particularly in LondonUK estate agent Countrywide said changes to stamp duty and uncertainty following the Brexit vote meant transactions were significantly lower than last year and were likely to fall further in 2017.Shares plunged another 14% after the company warned in a trading update for the third quarter that profits in the full year would be at the lower end of market expectations. Continue reading…

Source : theguardian.com
Read more…Countrywide warns over profits amid housing slowdown