Estate agents warn of slowdown in UK property market
Estate agents Knight Frank today posted a huge rise in profits but warned a slower and more uncertain period lay ahead for the UK property market.
The multinational group, which deals with residential and commercial properties, said profits soared 168% to £58.4m (€68.5m) in the year to March 31, on the back of a 13% rise in turnover to £288m (€337.8m).