Shares of Foxtons and Countrywide have reportedly fallen 25 % and 11 % YTD respectively and are expected to face headwinds from low GDP growth and uncertainty relating to the Brexit vote . Some analysts predict that if Britain leaves the EU , prices for homes will fall due to decreased immigration and a reduced number of companies relocating to the UK . Platt may have simply been downplaying expectations for the next few quarters, but Brexit has the possibility to… Political considerations aside, the possibility of Brexit has sufficiently spooked estate agents enough that the CEOs of both Countrywide (LSE: CWD) and Foxtons (LSE: FOXT) spoke out last month over Brexit-related worries. Online estate agents have also affected the companies ' growth , with firms such as easyProperty and eMoov offering cheaper low - fee property sales compared to traditional estate agents , which Countrywide blamed for the 3 % YoY fall in average sale prices .
Shares of Foxtons and Countrywide have reportedly fallen 25 % and 11 % YTD respectively and are expected to face headwinds from low GDP growth and uncertainty relating to the Brexit vote . Some analysts predict that if Britain leaves the EU , prices for homes will fall due to decreased immigration and a reduced number of companies relocating to the UK . Online estate agents have also affected the companies ' growth , with firms such as easyProperty and eMoov offering cheaper low - fee property sales compared to traditional estate agents , which Countrywide blamed for the 3 % YoY fall in average sale prices .