Countrywide PLC Half-Year Results

July 29, 2016

Countrywide plc, the UK’s largest integrated property services group, announced its results yesterday for the six months ended 30 June 2016.

Countrywide warned that its 2016 earnings will be lower than the previous year, saying commercial and London residential transactions have stalled after the UK voted to leave the European Union (Brexit).

Alison Platt, Chief Executive at Countrywide plc, in her comments said:

“We saw a slowdown in their Retail and London residential businesses and, since the EU referendum result this has become more marked in London, the South East and expensive prime markets. The rest of the country has fared somewhat better and our Lettings business and mortgage trends have been largely unaffected. There has also been a slowdown in commercial transactions, but our Consultancy revenues have remained stable”.

To read comments in full by Alison Platt and the Results ended 30th June 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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