Hundreds of jobs were put at risk yesterday when one of Britain’s leading property groups detailed a radical plan to shut about 120 of its estate agencies as part of a restructuring.
LSL Property Services, a regional estate agency and surveying business, said that it would pull down the shutters on scores of Your Move and Reeds Rains outlets as part of an overhaul that will affect staff nationwide.
After a rethink of the company’s approach to selling homes, undertaken amid an online revolution in the residential property market, LSL said that it was embarking on a transformation programme that would slash its total branch numbers from 404 to 280.
