UK property brokers closing outlets

Disappearing buyers: A combination of eight photographs shows eight separate house doors in London. Demand for housing dropped to a six-month low in February, according to the Royal Institution of Chartered Surveyors. – Reuters

LONDON: Britain’s largest property brokers are cutting jobs, closing branches and raising capital even as homes sell for record amounts. While some companies have blamed Brexit and tax hikes for a drop in transactions, high values have put off many other buyers.

Demand for housing dropped to a six-month low in February, according to the Royal Institution of Chartered Surveyors.