Tuesday, May 6, 2008
About 150 estate agents' branches are now closing every week in the UK, according to research. Business monitor Debtwire said the number of branches had fallen from 13,000 to 12,000 so far this year. Jeremy Leaf, from RICS, told the BBC many were closing because people eager to move could not get a mortgage. Bank of England figures show that the number of new mortgages approved in March was the lowest since records began.