Real estate agent woe
A SHARP rise in estate agents going out of business has highlighted the hit taken by the property industry during the financial crisis.
The number of estate agent insolvencies rose 57 per cent in the year to June, to 77 from 49 a year earlier, data from accountant Wilkins Kennedy showed.
This was due to housing market stagnation, with fewer sales causing tough competition between agents and from property websites.
Wilkins Kennedy said: “Whilst the level of property transactions is starting to recover, this has come too late for many.”
Almost a third of 4,872 UK care home operators that run the UK’s estimated 20,000 care homes face an above-average risk of financial failure, according to a study by business financial monitoring firm Company Watch.