Wednesday, May 7, 2008
Northren based EA’s and Builders feeling “the crunch”
MORE than 100 estate agency staff in the North East are believed to have lost their jobs as the property market slows. Industry insiders say the jobs have gone in recent weeks with the closure of at least 10 sales offices as the market nationwide is hit by the credit crunch. The property slump has also sparked speculation about the future of the North East’s biggest housebuilding companies.