Large estate agent chain’s profits also hit as interest rate rises and cost of living crisis put off potential buyersShares in some of the UK’s largest housebuilders and one of the country’s biggest estate agent chains fell on Friday, amid the latest warnings about the outlook for the housing market, as potential homebuyers are squeezed by rising interest rates and the cost of living crisis.LSL Property Services, one of the UK’s largest estate agent chains, saw its share price tumble by as much as 11% after it warned on profits for the second half of the year and said conditions in the housing market had become more challenging than anticipated. Continue reading…
Source : theguardian.com
Read more…Shares in UK’s top housebuilders fall as housing market cools
