The rate of administrations and job cuts in property-related sectors seen at the beginning of 2009 eased in February, according to the latest EGi Property Jobs Tracker.
EGi News recorded 421 redundancies in February, down from the 565 redundancies seen in January but still the third highest figure recorded in the past 12 months.
There was a significant fall in the number of job cuts made by property agents following the widespread culling in the previous month.
But the fall-off in property-related job cuts is being made up for by architectural firms and fund management divisions.
Recorded administrations in February matched the 13 seen in January.
However, there was a worrying trend of well-known developers going into administration with Castlemore Securities and KW Linfoot particularly notable examples.
To view EGi’s Property Jobs tracker for redundancies click here, and for administrations click here.
