Tuesday, January 22, 2008

Spanish real estate agencies folding

Half of Spain's real estate agencies have folded in the past year due to a slowdown in the once-booming building sector, an industry association says.

Of 80,000 that operated at the beginning of 2007, only around 40,000 have survived and some 100,000 employees lost their jobs, according to the Superior Council of Real Estate Agents, a nationwide grouping.
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