countrywide says housing market upturn yet to materialise /

Published at 2015-11-04 13:56:47

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Estate agent says it has yet to see evidence of pledged rise in number of recent homes and government changes have simply created more bottlenecksThis year’s general election was the first since 1992 that has failed to spur a recovery in the housing market,according to estate agent Countrywide.
The firm said on Wednesday that operating profit in the first nine months of 2015 was down 11%, a result that sent its shares, and those of its notoriously aggressive rival Foxtons,tumbling.
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Source: theguardian.com