@othemarketblog number of high street estate agents going bust up 16% , online estate agents market share up dictated by consumer not industry
trouble in the highstreet The number of estate agents going bust has increased, with a 16 per cent rise in annual insolvencies. Figures from Moore Stephens , a top ten accounting and advisory network, with offices throughout the UK and members across the globe, reveal that the sector was the only industry in which the trend for fewer insolvencies was bucked last year, with 185 businesses going bust, after 160 did so in 2014. The rate of insolvencies nationally across all industry sectors declined by 9 per cent, from 16,558 to 15,027 Three notable insolvency sectors, within property [ringed in red] retail ,construction and real estate. Bob Scarff [pictured above]former Country Wide plc chief, recently criticised the concentration on ‘retail’ activities by Countrywide - recently describing it as “preposterous”. A complete contrast to comments made Alison Platt the Chief Executive of Countrywide plc, bringing estate agency business int...