Countrywide feels the squeeze

Britain’s biggest estate agency group warned that a slowdown in the housing market would continue to put pressure on earnings.

Countrywide, whose brands include Bairstow Eves, Bridgfords and Hamptons International, said that its losses last year rose by 5.3% compared with 2017 to £218.2m. Revenues fell 6.5% to £619.1m.

It expected earnings this year to be flat.

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