Decision Homebuyers Report On The Closure Of Estate Agents Nationwide

From: Decision Homebuyers
Published: Tue Jan 12 2010

Decision Homebuyers, one of the UK's most trusted and flexible home buying specialists, report on the sad news of estate agents closing down despite a rise in housing sale prices.

House prices have been on the rise due to a restricted supply of sellers on the market, yet despite this, figures show that one in six estate agents have had to cease trading within the last year. Research carried out by The Local Data Company shows that 142 outlets closed their doors in the 12 month period to October 2009, with Leeds, Bristol, Liverpool, London and Glasgow being the areas worst hit.

Big name casualties include Halifax, Bairstow and Savills, whilst a number of independent estate agents also had to shut down due to the effects of the global recession. 89 independents closed for business in total whilst chains of five units or more were worst hit, with 54 outlets shutting down.

"This goes to show that it isn't just house prices that are being hit by the recession, the shockwaves are reverberating throughout the entire housing industry," says Laurence Smith of Decision Homebuyers. "However, it is also a good opportunity for the housing market to grow online. Decision Homebuyers is just such an operation when people are looking to sell a house fast, and people are discovering with each passing day how effective the online housing market can be."

To find out more about Decision Homebuyers and their services please call 08456 341 456 or visit:
Company: Decision Homebuyers
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