New Study on ReportBuyer.com Estate Agents sector to nosedive PR-Inside.com (Pressemitteilung), Austria - Nov 26, 2008 The publication finds that Countrywide remains the largest estate agency, followed by Connells Residential, LSL Property Services and Halifax Estate Agency. ...
Estate agents in UK facing severe job losses Property Wire, UK - Nov 22, 2008 ... entire estate agency businesses are also being forced to shut up shop, and even major nationwide chains are closing branches, with Halifax Estate Agents...
House prices: How low can they go? Telegraph.co.uk, United Kingdom - Nov 27, 2008 So what to make of it, then, when even estate agents say they are expecting house prices to plummet next year? Last week, Savills forecast that the average ...
Office closures put estate agency jobs at risk Home Move, UK - Nov 14, 2008 In August, Halifax announced the closure of 53 of its estate agency offices, with the loss of 100 jobs. There are now concerns about Countrywide, ...
Halifax: Elmbridge offers best quality of life Money News, UK - Nov 24, 2008 Earlier this month the National Association of Estate Agents said that homeowners were cutting the asking prices on houses across the UK, as the housing ...
Source: Google News
Halifax to close a quarter of its estate agents
Grainne Gilmore and agencies
Halifax is closing a quarter of of its estate agents branches as a result of
the housing market downturn, the banking group said today.
It will shut 53 of its 204 branches before the end of the year, leading to 100
job cuts, although the group said the other 450 staff employed in the
affected branches would be transferred to similar roles in its banks.
This comes just a week after HBOS, which owns Halifax and Bank of Scotland,
announced about more than 400 jobs cuts as part of wide-ranging shake-up,
including the closure of The Mortgage Business, its specialist lending arm,
and the scaling down of accounts offered by Intelligent Finance, its online
banking arm.
Halifax said it would now concentrate on its core estate agency business in
the Midlands and the North. Following the changes, it will have 151
branches.
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Housing transactions have halved in the wake of the credit crunch, hitting
estate agents and mortgage brokers hard. Humberts, the estate agents,
reported losses of £16 million in June, while John Charcol, the mortgage
broker, was forced to shut three offices and cut its workforce by a quarter
in June.
Construction firms are also being hit hard, with thousands of job losses
across the industry.
Recent figures from the National Association of Estate Agents (NAEA) showed
that estate agents sold an average of just six properties each during July,
down from 10 in July last year.
Chris Wood, president of the NAEA ,said last month that as many as 6,000
estate agents could lose their jobs this year.
There are lots of solicitors employed to do conveyancing work who now have very little to do. One large firm in Leeds has not recruited any staff this year and the fear in the profession is that a number of very large redundancy programmes are about to be announced.
Michael Stoddart, Leeds, England
Estate agents losing their jobs - Hooray!!
David, St Albans, UK
Easy come easy go...........nothing lasts forever.
Now the economy can start focussing on creating real wealth, not pretend wealth
There are lots of solicitors employed to do conveyancing work who now have very little to do. One large firm in Leeds has not recruited any staff this year and the fear in the profession is that a number of very large redundancy programmes are about to be announced.
Michael Stoddart, Leeds, England
Estate agents losing their jobs - Hooray!!
David, St Albans, UK
Easy come easy go...........nothing lasts forever.
Now the economy can start focussing on creating real wealth, not pretend wealth
Davie P , London,