The Motley Fool UK has no position in any of the shares mentioned. Shares of Foxtons and Countrywide have reportedly fallen 25% and 11% YTD respectively and are expected to face headwinds from falling GDP growth and uncertainty relating to the Brexit vote. Some commentators predict that if Britain leaves the EU, demand for homes could fall due to decreased immigration and a reduced number of companies relocating to the UK. Online estate agents have also impacted the companies' growth, with firms such as easyProperty and eMoov reporting declines in their sales over recent months.
Shares of Foxtons and Countrywide have reportedly fallen 25% and 11% YTD respectively and are expected to face headwinds from falling GDP growth and uncertainty relating to the Brexit vote. Some commentators predict that if Britain leaves the EU, demand for homes could fall due to decreased immigration and a reduced number of companies relocating to the UK. Online estate agents have also impacted the companies' growth, with firms such as easyProperty and eMoov reporting declines in their sales over recent months.