Countrywide reveals lockdown impact & bounce-back performance

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"Early trading indicators in England are encouraging and we expect a similar bounce back in Wales and Scotland," says Countrywide's Board ahead of the Plc's AGM. New sales instructions last week were running at 94% of 2019 levels and 86% of the average in the first 12 weeks of the year.

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"It seems likely that Covid-19, combined with last month’s floods, will have completely wrecked any positive effects that political certainty since the general election may have provided to the housing…
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Estate agency chain aims to complete a phased re-opening of all branches by next Monday. Commission earnings dropped by 44% in the last eight weeks compared to the same period in 2019.
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The Government has eased the Coronavirus lockdown in a bid to re-start the housing market after seven weeks in cold storage. Estate agents' office can now re-open, viewings are permitted;