The Economist | Selling houses: Forever blowing bubbles
Forever blowing bubbles
Estate agents mark their territory
SUDDENLY estate agents are resurgent. Last year the number of people employed in British property firms rose faster than employment in any other industry, jumping 16% to 588,000; surveyors say the number of house sales stands at a six-year high. Yet as the market thaws, agency bosses face challengers on two fronts. They are concocting a plan that they hope will see both of them off.
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