London Housing Market In 'Prolonged Downturn'

London-focused estate agent Foxtons has swung to a loss and says the housing market in the capital is in a "prolonged downturn". The company reported a loss of £17.2m for last year, partly due to the costs of closing six offices. It made a profit of £6.5m in 2017. Foxtons added that Brexit uncertainty was "impacting consumer confidence". Separately, the Nationwide said the UK market remained "subdued", with prices up 0.4% in February from a year ago. Read more on the BBC website.

https://www.bbc.co.uk/news/business-47389160