UK estate agency Countrywide has its profits drop by 98% YoY in H1 2017, pushing its shares to a record low. $1 The company said it had lost £2.3bn on residential mortgages and other loans during the first half of 2017. The secondary housing market has borne the brunt of the political instability, with increasing pressure from digital agencies that encourage customers to join with lower fees.
UK estate agency Countrywide has its profits drop by 98% YoY in H1 2017, pushing its shares to a record low. The company said it had lost £2.3bn on residential mortgages and other loans during the first half of 2017. The secondary housing market has borne the brunt of the political instability, with increasing pressure from digital agencies that encourage customers to join with lower fees.