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The Guardian - UK
The Guardian - UK
Business
Gwyn Topham

Number of UK estate agents going bust rises almost a third in one year

People browsing the window of an estate agent in Wimbledon, south west London
Gloom around UK’s property market has increased with experts citing ‘tough’ conditions. Photograph: Amer Ghazzal/Rex/Shutterstock

The number of UK estate agents declaring insolvency has jumped by almost a third with nearly 300 businesses going bust in the last year.

The figures underline the gloom around Britain’s property market, with the fewest home sales recorded for more than a decade hitting estate agent income.

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