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.

You May Also Enjoy

Breaking News

New Report Reveals Local Historic Places Are Vital for Mental Health

Familiar historic places provide emotional stability – helping people to function and thrive in everyday life Evidence shows historic places possess restorative qualities comparable to natural green spaces, such as parks New poll backs report findings: 7 in 10 respondents said local historic buildings are important to their quality of life, and almost two thirds…
Read More →
Breaking News

Average homebuyer £1,050 a year better off

Average homebuyer now £1,050 a year better off as lending improvements set to boost buyer activity in 2026 The latest market analysis from eXp UK has revealed that the average homebuyer is now £1,050 better off per year when it comes to the cost of their mortgage, with continued improvements to the lending landscape expected…
Read More →
Social Housing 2019
Breaking News

London defies Build to Rent slowdown

The latest analysis by Foxtons shows that whilst the wider Build to Rent (BTR) sector is running low on steam when it comes to the delivery of new schemes, London is continuing to push forward, with the number of BTR schemes in planning up by 8.5% year on year. Foxtons analysed the latest BTR planning…
Read More →
Breaking News

Disappointing year for UK construction gives way to industry-wide recovery

Despite 2025 downturn, Glenigan predicts a ‘phoenix moment’ for UK construction in 2026 8% decline in detailed planning approvals year-on-year 11% decline in main contract awards year-on-year 20% decline in project starts against the preceding year-on-year Today, Glenigan, one of the construction industry’s leading insight and intelligence experts, releases the January edition of its Construction…
Read More →
Breaking News

Agents report early uplift in buyer activity

Agents report early uplift in buyer activity, but few are investing to capitalise on improving market conditions The latest research from Property DriveBuy has found that estate agents are starting 2026 on a stronger footing, with the majority reporting an increase in buyer enquiries and viewing requests, while one in five are also seeing more…
Read More →
Breaking News

Smaller deposits and higher LTVs mortgages drive FTB activity

Gen Z optimistic about homeownership in 2026 amid rising demand for cheaper homes, smaller deposits and higher LTVs Barclays data reveals that 22 per cent of first-time buyers purchased homes with deposits under £20,000 in December, up 8 percentage points year-on-year 44 per cent of first-time buyers opted for 85-90 per cent LTV mortgages in…
Read More →