Qualified advisers answering your
Financial Questions
call 0800 092 1245

One-third of estate agents to close

At least a third of the UK's estate agents currently in business are set to have closed by the end of the year, the UK's largest property agent network has predicted. Robin King, director of Movewithus, said that the slowdown in the property sector would result in the number of estate agents in operation falling by at least 4,000 from the current figure of 12,000. He told the Times: "People may not like estate agents, but if they are doing well, everyone else is too. If no one is buying and selling, it is a sign that no one is making any money."Mr King based his projections on the network's own data which shows that sales through Movewithus has fallen by between 30 per cent and 50 per cent since last year. Meanwhile, further evidence of the tough conditions ahead for estate agents were born out by statistics from the National Association of Estate Agents, which showed that the number of properties for sale fell from 83 to 74 between January and February this year.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details