Shares in listed estate and letting agents tumbled yesterday, with shares in Foxtons worst hit, as the City twigged that firms will have a loss in earnings.
Shares in Foxtons fell over 10%, while Countrywide shares dipped over 4% and LSL just over 5%.
The fall in the Savills share price was under 1%, Martin & Co 2.4% and Belvoir 6%.
Purplebricks’ shares also fell, by nearly 5%
source http://blog.evolutionproperties.co.uk/2016/11/24/estate-agency-share-prices-hit-after-fees-ban-announced/
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