Chill wind across the property market

first_imgHome » News » Housing Market » Chill wind across the property market previous nextHousing MarketChill wind across the property marketCountrywide, Zoopla, Crest Nicholson, Persimmon and Berkeley all hit by falling share prices.The Negotiator26th July 20160660 Views Pessimism about house prices is blowing a chill wind through the stock market as UK’s leading builders – as well as Countrywide and Zoopla (ZPG) – saw their share prices dip.Monday’s FTSE 250 opened with Countrywide shares falling by 7.2 per cent to 233.7pence; ZPG fell by 2.2 per cent and Crest Nicholson fell by 1.3 per cent.The falls are not desperate, but they are an indication of the concerns about the stability of the housing market since the EU Referendum result. Richard Donnell (left) at Hometrack said, “It is still early days, and seasonal factors also need to be considered but the growth in new listings and slower sales points to slower price growth in the months ahead. This growth in supply reflects a mix of new homes filtering through from London’s expanded development pipeline, investors looking to take capital gains, or selling to de-leverage their investments following the reduction in tax relief on mortgage payments for buy-to let investors.”house prices stock market property market share prices July 26, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more