UK estate agency Countrywide has its profits drop by 98 % , in H1 category , bringing its profits to a record low . Countrywide stock was down 10.8 percent at 146.5 pence, while Foxtons’ shares were down 5 percent at 90.84 pence at 0937 GMT. The drop was due to rising property taxes , the fallout from the general election and the support for Brexit , according to the company . The secondary housing market has borne the weight of the political instability , with increasing pressure from digital companies that encourage customers to join with lower fees .
UK estate agency Countrywide has its profits drop by 98 % , in H1 category , bringing its profits to a record low . The drop was due to rising property taxes , the fallout from the general election and the support for Brexit , according to the company . The secondary housing market has borne the weight of the political instability , with increasing pressure from digital companies that encourage customers to join with lower fees .