Estate agency share prices hit after fees ban announced

Shares in listed estate and letting agents tumbled yesterday, with shares in Foxtons worst hit, as the City twigged that firms will have a loss in earnings.

Shares in Foxtons fell over 10%, while Countrywide shares dipped over 4% and LSL just over 5%.

The fall in the Savills share price was under 1%, Martin & Co 2.4% and Belvoir 6%.

Purplebricks’ shares also fell, by nearly 5%

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