Countrywide issued its trading update for the quarter ended 31 March 2018.

April 26, 2018

Countrywide PLC  yesterday 25th April 2018 issued its trading update for the quarter ended 31 March 2018.

Total Group income for the quarter was lower at £145 million compared to £162 million for the same period in 2017.

Countrywide stated in the announcement that the Group has moved swiftly to restore expertise in Sales and Lettings following the appointment of Paul Creffield as Group Operations Director in January 2018. Experienced sector professionals now fill all roles at area and regional director level. 

We are encouraged by the early progress that is being made in Sales and Lettings.   In Sales, we have seen an improvement in both the register of properties available for sale and in our market share of listings compared with Q4 2017.  In Lettings, our share of listings is also ahead of Q4 2017.

 The next trading update will be at our interim results on 26 July 2018.

Read the Countrywide Trading Statement 25th April 2018 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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