At least 4,000 U.K. real-estate agents from the 12,000 estimated to be in business may shut their doors by next year because of the collapse of the real- estate market, the London-based Times reported, citing Robin King, a director of real-estate agent network Movewithus.
The network's sales have dropped between 30 percent and 50 percent since last year, the newspaper said.
The Property Shop, an east England-based real estate agency, shut nine of its 10 offices and dismissed about 30 employees in April, just before its parent company, Alexander Partnership, went into administration, the newspaper said.
