Up to 150 estate agents are closing every week in Britain owing to the continued shrinking effect the credit crunch is having upon the housing market. Research from financial analysts Debtwire finds the number of estate agents has fallen from nearly 13,000 at the start 0f 2008 to about 12,000 at present. This equates to the closure of some 150 branches a week, with the pace thought to be accelerating. Furthermore, an average of four agents employed by each, job losses could run into the thousands.

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