Downturn in Housing Market Takes Toll On Estate Agents

Birmingham PostMay 07, 2008

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Summary


Property website Rightmove yesterday warned that increasing numbers of estate agents were closing branches as the slower market took its toll.

The firm said its retention rate for estate agents - the proportion who keep using the website to advertise properties - had slipped to 85 per cent this year, compared with 92 per cent in 2007.

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Extract


Downturn in Housing Market Takes Toll On Estate Agents

Rightmove, which has 19,500 advertisers, blamed the decline on "...

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