UK: Countrywide warns on earnings as London property market stalls

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UK’s largest estate agent sees shares fall as industry worries amplified by Brexit and interest rate uncertainty, despite moderate house price rise

Countrywide, the UK’s biggest estate agent, has warned that its 2016 earnings will be lower than last year, saying commercial and London residential transactions have stalled after Britain voted to leave the European Union.

Read more on: www.theguardian.com

Source : UK: Countrywide warns on earnings as London property market stalls