Posts with tag: shares in property firms

Property Firms Hit by Black Monday

Published On: August 25, 2015 at 12:31 pm

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Categories: Finance News

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Property Firms Hit by Black Monday

Property Firms Hit by Black Monday

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%.