Property News NI: Remax Closes 10 Agency Offices

The America owned estate agency / property company, Remax has reduced its number of branches in Northern Ireland by 50%, closing 10 stores, including the Cregagh Road Branch.

It is estimated that as many as 100 jobs may have been lost. The agency had 18 showrooms across Northern Ireland in 2007, but has since closed 10.

It is thought that the downturn combined with the agents self employed status within each showroom has contributed to such a large number of their offices closing. With a fall in house sales across the country and some other agents reporting no sales in certain months, self employed agents such as those in Remax would be badly hit.

Despite, this bad news the company has said it remains fully committed to the NI market.