KW Market Centre shuts down

The owner of estate agencies including Hamptons and John D Wood "remains positive" despite falling revenues.

"We are confident that our transformed business model will partially mitigate the impact of market conditions on instruction levels," says the hybrid estate agency's management.

"We expect mortgage and housing transactions to revert to pre-Covid levels with geopolitical uncertainties adding to existing inflationary pressures," says LSL boss David Stewart.