UK estate agent LSL is to close 40 of its mid-market Your Move and Reeds Rains branches amid a stagnant property market. Some 40 offices will be closed, while another 81 will be folded into so-called "keystone branches" located in major markets. Such branches will generally have larger lettings, residential sales and financial services teams. Estate agent LSL is to close more than 100 branches and shed hundreds of jobs as the housing market grinds to a halt. Another 40 branches will be given over to franchisees, reducing LSL 's total number of Your Move and Reeds Rain branches to around 120 .
UK estate agent LSL is to close 40 of its mid-market Your Move and Reeds Rains branches amid a stagnant property market. Some 40 offices will be closed, while another 81 will be folded into so-called "keystone branches" located in major markets. Such branches will generally have larger lettings, residential sales and financial services teams. Another 40 branches will be given over to franchisees, reducing LSL 's total number of Your Move and Reeds Rain branches to around 120 .