Report: Half of Spain’s Estate Agents Shut Down

This certainly does not bode well for the industry as a whole. Can Panama be immune from this spreading infection?

This has the ring of urban myth, but the number is so huge it seems worth repeating: API, the trade association for Spanish property agents, is reporting that 40,000 estate agents—half the estate agents in the country—closed down last year, in the wake of the slowdown in the market. As a result, it is believed that as many as 100,000 property agents lost their jobs last year.

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