Fears over future of estate agent jobs


Tue 8th Jan, 17:17:37 GMT

Concerns have been raised over how the slowdown in the property market could result in hundreds of estate agents losing their jobs.

The Times reports that a number of leading firms look set to let people go as demand for property decreases over the next few months.

Already this week, LSL Property Services, one of the biggest estate agents in the country, announced that it has been forced to cut 315 jobs due to the current market conditions as well as shut down 12 offices.

Dean Fielding, LSL''s group finance director, told the newspaper that estate agents have "no choice" but to cut back, adding: "It is very difficult to see where the market is going to land.

"Our larger competitors are doing similar things."

Property company King Sturge has also revealed that it has a challenging 12 months ahead, telling the Times that it was expecting its "toughest year since 1997".

Property investors are positive about 2008, however, with recent research from Paragon Mortgages showing landlords are expecting tenant demand to rise. ADNFCR-1143-ID-18418506-ADNFCR


News Home




 Print   Send to a Friend   Discuss in Forum   RSS Feed



Share this article:

  Digg it    Del.icio.us    Reddit    Newsvine    Nowpublic   






Search News Archive: