Estate agents are not having a fun week.
Shares in Countrywide have sunk to a record low this morning after the company warned that transaction volumes are likely to fall this year and next.
Shares are down 14 per cent at publication time, to 167p, their lowest level since the company returned to the stock market in 2013.
The announcement, which said volumes had been hit particularly badly in London, has also dragged down shares at London-focused estate agent Foxtons.
Countrywide’s shares are off 4.5 per cent today, having already sunk 14 per cent after the chancellor promised to ban fees for tenants in the Autumn Statement yesterday.