Property portals, estate agents and property developers were all hit by yesterday’s Black Monday.
Described as a bloodbath on the stock market, yesterday saw markets crash around the world.
In the UK, almost three years of gains were destroyed. In China, yesterday’s 8.5% downfall followed a 12% decrease last week, causing uncertainty for UK estate agents over Chinese property buyers in this country.
Shares in Rightmove dropped by 5.25% and Zoopla saw falls of 7.91%.
Countrywide, the UK’s biggest estate agent, experienced a 2.28% decline, LSL of 7.74% and Savills of 6.72%.
Shares in Foxtons were down by 5.77% and house builder Barratts saw falls of 3.44%.