Countrywide backers sell large stakes
Five months after floating on the stock exchange Countrywide’s shares have taken a nose dive as two backers sold off large numbers of shares in the company. Buyout firms Oaktree and Apollo sold 35 million shares between them at a value of almost £200million, equivalent to about 16% of the business. The shares were initially […]
Market confidence increases
According to the latest National Housing Market Monitor from haart confidence has returned. However, the housing market is constrained by a shortage in supply. Whilst total new buyers have increased by 27.9% annually, new properties for sale have decreased 4.4%, constraining actual sales to a 3.5% annual increase. A large percentage of these were first time […]