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Estate agent Countrywide says London slowdown hits volumes
January 13, 2017 / 7:31 AM / a year ago

Estate agent Countrywide says London slowdown hits volumes

LONDON (Reuters) - British estate agency Countrywide (CWD.L) said the volume of house sales in London in the final quarter continued to be below 2015’s levels, resulting in a drop of about 6 percent in the number of deals for the year.

    The group, however said a strong performance from its lettings business partly offset the lower number of sales.

    Group income for the fourth quarter was about 179 million pounds, down from 196 million a year ago, it said on Friday, while income for the full-year would be broadly flat at 737 million pounds.

    Reporting by Paul Sandle; editing by Sarah Young

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