Despite the roaring housing market, a new report says that no fewer than 70,500 real estate and property businesses are showing ‘significant financial distress’.
The construction industry – which is separately classified – is faring even worse with around 72,500 businesses in the same predicament.
The figures relate to the third quarter of this year and comes from specialist insolvency consultancy Begbies Traynor, which monitors the financial health of UK businesses.
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