Large estate agent chain’s profits also hit as interest rate rises and cost of living crisis put off potential buyers
Shares in some of the UK’s largest housebuilders and one of the country’s biggest estate agent chains fell on Friday, amid the latest warnings about the outlook for the housing market, as potential homebuyers are squeezed by rising interest rates and the cost of living crisis.
The share price of LSL Property Services, one of the UK’s largest estate agent chains, tumbled by as much as 11% after it warned on profits for the second half of the year and said conditions in the housing market had become more challenging than anticipated.
Large estate agent chain’s profits also hit as interest rate rises and cost of living crisis put off potential buyersShares in some of the UK’s largest housebuilders and one of the country’s biggest estate agent chains fell on Friday, amid the latest warnings about the outlook for the housing market, as potential homebuyers are squeezed by rising interest rates and the cost of living crisis.The share price of LSL Property Services, one of the UK’s largest estate agent chains, tumbled by as much as 11% after it warned on profits for the second half of the year and said conditions in the housing market had become more challenging than anticipated. Continue reading…
