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.
England’s housing courts at breaking point as renters battle no-fault
evictions
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Courts said to be ‘overloaded’ as landlords sell properties and tenants
with nowhere to go try to delay evictions
It is a Wednesday afternoon at Stratfor...
1 week ago
