The housing market may have slumped for Countrywide Assured in the first half of this year, but a st...
The housing market may have slumped for Countrywide Assured in the first half of this year, but a statement this morning that July and August sales were "excellent" has helped send the company's shares up nearly 10% and inject new optimism into the housing market. Reporting first-half profits down 40% to £21.9m from £35.8m in the same period last year, Countrywide said the war on Iraq and associated threats to economic growth had stymied both sales volume and completion rates. However, looking ahead to the rest of the year, the owner of the Rightmove.com property website and t...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes