Both Countrywide and Foxtons shares fell yesterday.
Countrywide slid to 52p, a drop of almost 6%, after rises last week following a fall to an all-time low of 38p at the end of June.
Foxtons shares went down by over 6%, ending the day at yet another new low of 50p.
It was not clear what prompted the falls, although there are question marks as to Countrywide’s debt mountain and continuing concern over the London property market.
However, shares in LSL rose by just over 3% to 270p.
Share prices of other estate agency related stock were unmoved. Property Franchise Group, Belvoir, OnTheMarket and Rightmove barely changed yesterday.
Right time to buy Countrywide shares do you think?
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