Shares in Countrywide, the estate agent, dropped sharply on Thursday after the company warned its full-year profits would not meet targets after a "disappointing" end to 2017.
Shares in the company fell 15.73% to 114.4p in mid-morning trade on the London Stock Exchange after the company announced the profit warning in an unscheduled trading update.
Fall in full-year income
The company said total income from sales and lettings was expected to be £360m, dropping 14% from the previous year, with income from lettings down 4% to £169m.
Total group income was expected at around £672m - down from £737m in the prior year, while underlying earnings were seen at £65m, down from £83.5m.
Countrywide said back in November that it expected its full-year earnings to be at the lower end of forecasts.
The warning hit other shares in the sector also. London-focused Foxtons Group fell 4.88% to 78p, while online estate agent Rightmove fell 2.15% to £44.63.