Countrywide PLC, CWD revenue drops, pressure from Online Estate agents Alison Platt CEO under pressure
Countrywide PLC, CWD after announcing disappointing annual trading ,admitted competition from online rivals, resulted in 3 per cent fall in Countrywide’s share price . CWD has decided to roll out a new digital channel in the second quarter, easyProperty.com is marked the start of 2016 by launching land and new homes division. Why sticking plasters, won't help, CountryWide plc Online agencies such as Purplebricks , eMoov , HouseSimple , easyProperty and others have been advertising heavily, online TV and radio platforms, with fixed prices lower than high street commission fee rivals; they currently command about 5 per cent of the market. Alison Platt CEO Countrywide PLC Pie in Sky The property market is keeping its head above the water , albeit faintly when seasonally adjusted sales data is combined. T hat results in part from tighter lending conditions under the FCA Mortgage Market Review introdu...