Financial news categories
Financial news archive
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Credit Crunch hits Estate Agents
14 November 2008
As estate agents struggle to cope with the slump in the housing market up to 300 a month are quitting the website Rightmove. The firm has said that its agency membership was now 1,900 lower than the 12,600 peak a year ago. According to the site, at least three out of every four that left have either gone bust or failed to keep up with membership fees.
The current problems in the housebuilding and estate agent sectors left the site's total base of advertisers 9% down on last October, at 17,500. The more buoyant rental market was providing some support for Rightmove.
Search for the best UK Mortgages
