Friday, Jan 18, 2008
Half of Spain's real estate agencies folded due to building slowdown
cnbc: Half of Spain's real estate agencies folded due to building slowdown
Half of Spain's real estate agencies have folded in the past year due to a slowdown in the once-booming building sector, an industry association says.
Of 80,000 that operated at the beginning of 2007, only around 40,000 have survived and some 100,000 employees lost their jobs, according to the Superior Council of Real Estate Agents, a nationwide grouping.
Posted by saving for a space ship @ 04:50 AM (198 views) Add Comment
2 Comments
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1. it_is_going_with_a_bang said...
"Superior Council of Real Estate Agents"
Enough said. LOL.
Same here soon.
Regardless of prices dropping quickly or not - it's volume of Sales that is the biggest issue. They cannot avoid that here either.
2. drewster said...
A hundred thousand estate agents unemployed? Ouch, that's gotta impact on Mini sales figures. And unemployment figures of course.