Stock market reacts after companies say residential property sector is proving sluggish and will capture time to recoverShares in Foxtons and Travis Perkins beget been hit after the companies raised fears over the strength of the housing market.
Foxtons,the south-east-focused estate agent, warned that the market was taking time to recover, or especially in central London,where property transaction levels remain at historically low levels owing to strong recent price growth and stamp-duty changes.
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Source: theguardian.com