{"id":35510,"date":"2016-11-23T18:39:02","date_gmt":"2016-11-23T11:39:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/estate-agency-shares-slide-ahead-of-letting-fees-clampdown\/"},"modified":"2016-11-23T18:43:04","modified_gmt":"2016-11-23T11:43:04","slug":"estate-agency-shares-slide-ahead-of-letting-fees-clampdown","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/estate-agency-shares-slide-ahead-of-letting-fees-clampdown\/","title":{"rendered":"Estate agency shares slide ahead of letting fees clampdown"},"content":{"rendered":"


\nFoxtons and Countrywide among those hit as investors expect chancellor to ban upfront charges in autumn statementShares in some of Britain\u2019s biggest estate agencies fell sharply on Wednesday on the expectation that the chancellor will use his first autumn statement to ban upfront fees charged by letting agents.Roughly \u00a350m was wiped off the combined value of Foxtons and Countrywide as Philip Hammond prepared to announce a clampdown to prevent tenants from being forced to pay administrative costs for simple things such as inventory and reference checks. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Estate agency shares slide ahead of letting fees clampdown<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Foxtons and Countrywide among those hit as investors expect chancellor to ban upfront charges in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-35510","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9eK","jetpack-related-posts":[{"id":35478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/estate-agents-shares-slump-after-government-fees-clampdown-business-live\/","url_meta":{"origin":35510,"position":0},"title":"Estate agents shares slump after government fees clampdown – business live","date":"November 23, 2016","format":false,"excerpt":"\r Autumn statement move hits sector. Markets await latest eurozone manufacturing and services data 8.19am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.News that the UK government will ban fees charged by estate agents to cover the supposed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35844,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-an-estate-agent-philip-hammond-ought-to-cap-letting-fees-not-ban-them-jonathan-parker\/","url_meta":{"origin":35510,"position":1},"title":"I\u2019m an estate agent. Philip Hammond ought to cap letting fees, not ban them | Jonathan Parker","date":"November 25, 2016","format":false,"excerpt":"\r Most of us offer a good service, and a ban will only mean higher rents. The government should instead regulate the sector properlyI felt shocked and then disappointed listening to the chancellor\u2019s first autumn statement on Wednesday. Philip Hammond vowed to impose a ban on what he called \u201crip-off\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foxtons-slips-to-2-5m-loss-amid-weak-london-property-market\/","url_meta":{"origin":35510,"position":2},"title":"Foxtons slips to \u00a32.5m loss amid weak London property market","date":"July 30, 2018","format":false,"excerpt":"\r Countrywide is also expected to report grim sales figures \u2013 and a cash call on investorsFoxtons has crashed to a loss after struggling to sell houses in London\u2019s sagging property market, as concern grows of wider problems facing Britain\u2019s estate agencies.Later this week Countrywide, the UK\u2019s biggest independent agency,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foxtons-blames-economic-uncertainty-as-profits-plunge-by-64\/","url_meta":{"origin":35510,"position":3},"title":"Foxtons blames economic uncertainty as profits plunge by 64%","date":"July 27, 2017","format":false,"excerpt":"\r London-focused estate agent faces sales slowdown, with revenue from lettings falling as ban on one-off fees looms Profits at London-focused estate agent Foxtons have plunged by 64%, hurt by slowing demand and increased economic uncertainty. Foxtons said pre-tax profits in the first half of this year dropped to \u00a33.8m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":163189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foxtons-shares-drop-sharply-after-it-warns-of-subdued-pre-budget-sales\/","url_meta":{"origin":35510,"position":4},"title":"Foxtons shares drop sharply after it warns of \u2018subdued\u2019 pre-budget sales","date":"October 23, 2025","format":false,"excerpt":"\r Economic uncertainty along with possible changes to property tax are deterring buyers, says estate agentBusiness live \u2013 latest updatesThe estate agency Foxtons has warned of weak sales for the rest of the year as economic uncertainty and potential property tax changes in next month\u2019s budget deter buyers, sending its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/give-us-our-fees-back-foxtons-says-the-man-lining-up-an-80m-lawsuit\/","url_meta":{"origin":35510,"position":5},"title":"Give us our fees back Foxtons, says the man lining up an \u00a380m lawsuit","date":"June 25, 2016","format":false,"excerpt":"\r Tenants could recover past fees if a legal fight against the lettings agency is successful \u2013 potentially paving the way for more suits against other heavyweight consumer firmsFoxtons is facing an \u00a380m \u201cclass action\u201d lawsuit that if successful could force the giant estate agency to pay back hundreds of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/35510"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=35510"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/35510\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=35510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=35510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=35510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}