British lettings agent MartinCo sees signs of market recovery
Sept 14 (Reuters) - British lettings agent MartinCo Plc (LSE: MCO.L - news) said there were signs of a recovery in transactions after a short-lived downturn in the wake of Britain's June 23 vote to leave the European Union.
However, MartinCo said that Brexit had had a dampening effect on house transactions, joining other real estate agents such as Countrywide (Other OTC: CTYWY - news) and Rightmove (LSE: RMV.L - news) that raised concerns over the state of the residential sales market.
"Significant uncertainty still remains with regards to the impact of a Brexit vote on our sector," Chief Executive Officer Ian Wilson said in a statement. (Reporting by Esha Vaish in Bengaluru; editing by Jason Neely)