Real estate company becomes victim of housing slump

The slump in house sales has taken its toll on one of Auckland's largest real estate businesses.

Classic Real Estate - one of the companies trading as The Professionals - is shutting all eight of its offices, including its large Albany headquarters.

Stunned staff were told on Tuesday that many of the offices would close today.

Attempts to contact company owner Havard Daniels yesterday were unsuccessful but one branch manager said the situation was tragic because the agency had won awards and had played a big part in the community.

Other agencies trading under The Professionals banner are not affected.

To read the full NZ Herald story, click here

Posted: 7 Nov 2008

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