7,000 estate agents at risk of going to the wall, says study

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High street operators face ‘triple whammy’ of internet competition, falling prices and fee cuts

More than 150 estate agency firms went insolvent last year and as many as 7,000 are at risk as high street operators face the triple whammy of online competition, a sagging property market and cuts to letting fees.

A study by accountants Moore Stephens found that 153 estate agency firms went insolvent in the year to May 2018, a small increase on the 148 the year before.

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#house prices
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