Belfast Telegraph

Closure of estate agent's offices puts 15 jobs in jeopardy

Around 15 jobs are at risk at offices of UK residential estate agents Reeds Rains after it decided to close two offices in Co Down and east Belfast.

The firm confirmed that staff at the two branches in Comber and Cregagh Road had been told the premises would be closing by the end of December. Reeds -amp; Rains set up in Northern Ireland two years ago after buying the estate agency business of Halifax when it withdrew from the market.

Stuart Hall, regional operations director for Reed Rains, said: "As part of its ongoing review of business operations, a decision has been taken by Reeds Rains estate agents to close its offices in Cregagh and Comber and instead centralise operations into its Belfast Lisburn Road branch and its Newtownards branch.

"Whilst up to 15 staff may be affected by the closures, due to take place by the end of the year, the company is working hard to ensure that as many as possible are redeployed.

"Existing customers who are selling or buying property through either Cregagh or Comber branch will be contacted individually by the company prior to the closures to advise them of the change."

The downturn in Northern Ireland's residential property market will have hit Reeds Rains and other estate agencies hard.

The average house price has fallen to below £150,000 for the first time in five years.