Realistbear Posted February 29, 2008 Share Posted February 29, 2008 (edited) http://www.thisisbristol.co.uk/displayNode...;pNodeId=144922 ESTATE AGENTS FRANCHISE COLLAPSES 27 February 2008 A Bristol estate agent franchise has collapsed with the loss of 50 jobs. Oliver Scarlett, a franchise for the nationwide chain of estate agents Your Move, called in administrators yesterday. http://www.thisishampshire.net/news/romsey...uts_up_shop.php Estate agency shuts up shop GOADSBY'S estate agency has become the latest commercial business to close in Romsey since the start of the year. The company, which has offices throughout Dorset and South West Hampshire, has shut its premises in The Hundred, although no one was available to comment on the closure at its head office in Bournemouth. http://www.telegraph.co.uk/money/main.jhtm...bcnright129.xml Estate agents target lettings to avoid closures By Emma Thelwell Last Updated: 10:34am GMT 29/02/2008 Estate agents are stepping up their presence in the lettings market as they seek to avoid closing branches as sales slow, according to one of Britain's largest property websites. http://www.bexhillobserver.net/479/Estate-...sure.3806727.jp Estate agent's sudden closure Ward and Partners in Hastings By The Observer A Hastings estate agent has ceased trading. Staff at Wards and Partners in Havelock Road were told to clear their desks without warning on Thursday, acording to a source. The shops in Bexhill and Little Common have also closed. http://www.getwokingham.co.uk/news/2018/20...othing_sinister Estate agents - office closure is ‘nothing sinister’ A Wokingham estate agent has spoken out to reassure concerned landlords and tenants, who claim they are owed thousands of pounds. Sadly, we will be seeing many more added to the list as the crash deepens. * ______________________________ * Edited February 29, 2008 by Realistbear Quote Link to comment Share on other sites More sharing options...
Scott Posted February 29, 2008 Share Posted February 29, 2008 And I thought it was just my local Your Move branch that had closed! Quote Link to comment Share on other sites More sharing options...
Guest Shedfish Posted February 29, 2008 Share Posted February 29, 2008 an Estate Agent Explode-O-Meter! Quote Link to comment Share on other sites More sharing options...
RichB Posted February 29, 2008 Share Posted February 29, 2008 I used to use email4property website. Suddenly over the last few days all the agents have dropped out in the areas I'm interested in. Quote Link to comment Share on other sites More sharing options...
Pluto Posted February 29, 2008 Share Posted February 29, 2008 an Estate Agent Explode-O-Meter! I like the sound of that, considering every high street has at least three it shouldn't take too long getting up to 1000+. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted February 29, 2008 Author Share Posted February 29, 2008 Let us not forget last month's bigee: http://business.timesonline.co.uk/tol/busi...icle3129239.ece The TimesJanuary 4, 2008 Fears of big cutbacks for estate agents as LSL closes branchesJudith Heywood, Deputy Property Editor One of the country’s largest estate agents yesterday announced the loss of hundreds of jobs , sparking fears that the property slowdown will force wholesale restructuring in the rest of the industry. LSL Property Services, owner of the 290 Your Move offices, revealed that it had closed 12 branches and cut 315 full-time jobs across its surveying and estate agency businesses, after house sales fell in a weakening property market. The cuts are the first large-scale redundancies in the sector, which employs 50,000 , since the property slowdown began late last year. Its going to be carnage this Spring as EAs find themsleves without anything to do other than to sit at their desks faking phonecalls. Quote Link to comment Share on other sites More sharing options...
buytoilet Posted February 29, 2008 Share Posted February 29, 2008 Our local free rag the advertiser was very light on the groung with estate agency adds. Looks like a lot of the independants are cutting back on advertising costs Quote Link to comment Share on other sites More sharing options...
Legal_Landlord Posted February 29, 2008 Share Posted February 29, 2008 In my area the weekly paper used to have 52 pages of Estate Agent's full colour adverts every week.Now since Christmas,they all advertise fortnightly.They have all agreed to stick together. This week the paper has an article from the Editor saying "Due to the present market some of the estate agents have decided to reduce their advertising spending and that is why the guide is not as comprehensive as normal " Clearly they are all tightening their belts in view of the downturn Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 29, 2008 Share Posted February 29, 2008 All this in a "Flat" Market. Somebody is not telling it like it is. Quote Link to comment Share on other sites More sharing options...
Cunobelinus Posted February 29, 2008 Share Posted February 29, 2008 Sadly, we will be seeing many more added to the list as the crash deepens. * Why is this sad? Please explain? The housing boom has generated a massive over-supply of estate agents across the country. These people don't do anything, produce anything or make any kind of contribution to our society. To have so many parasites leeching off the public is a complete waste of resources. The more that disappear, the happier I'll be! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 29, 2008 Share Posted February 29, 2008 anybody got any info on a mortgage broker explodometer? Quote Link to comment Share on other sites More sharing options...
domo Posted February 29, 2008 Share Posted February 29, 2008 * Way to conceal your emotion there RB, who would've ever thunk you'd take pleasure in bringing bad news! Quote Link to comment Share on other sites More sharing options...
faloos Posted February 29, 2008 Share Posted February 29, 2008 Why is this sad? Please explain?The housing boom has generated a massive over-supply of estate agents across the country. These people don't do anything, produce anything or make any kind of contribution to our society. To have so many parasites leeching off the public is a complete waste of resources. The more that disappear, the happier I'll be! We can add them to the list of , Coffee shops , phone shops and the explosion of fast food outlets contributing zilch to our economy and wellbeing ! Quote Link to comment Share on other sites More sharing options...
domo Posted February 29, 2008 Share Posted February 29, 2008 We can add them to the list of , Coffee shops , phone shops and the explosion of fast food outlets contributing zilch to our economy and wellbeing ! get lost commie I'm not giving up my chicken royale. Quote Link to comment Share on other sites More sharing options...
beans on toast Posted February 29, 2008 Share Posted February 29, 2008 We can add them to the list of , Coffee shops , phone shops and the explosion of fast food outlets contributing zilch to our economy and wellbeing ! But thats most of Gordons miracle economy. Quote Link to comment Share on other sites More sharing options...
Sonic the Hedge Fund Posted February 29, 2008 Share Posted February 29, 2008 Sadly, we will be seeing many more added to the list as the crash deepens. * The EAs that will not join this list will be the ones who are able to convince vendors to drop their prices enough to secure a sale. Over time the effect will be that overall EAs will get more bearish, because the ones that are not will go bust! Quote Link to comment Share on other sites More sharing options...
Oliver Sutton Posted February 29, 2008 Share Posted February 29, 2008 Might it be worth pinning this or a similar thread as in the "number of lenders that have croaked" thread. Quote Link to comment Share on other sites More sharing options...
southsea13 Posted February 29, 2008 Share Posted February 29, 2008 WHOOWARRRR - more EA scum on the dole. BRING IT ON BABY! Quote Link to comment Share on other sites More sharing options...
HovelinHove Posted February 29, 2008 Share Posted February 29, 2008 I've taken to standing outside my estate agent, looking at properties feigning interest, then pointing at one, bursting out laughing and walking on...sad, I know, but I think baiting them is so much fun...I will start registering soon and make a few mock offers for 30% off market price. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 1, 2008 Author Share Posted March 1, 2008 Berrmp Might be a good idea to let this one run so we can add the latest EA closures to the list. Nothing will tell it like it is more than EAs closing. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted March 1, 2008 Share Posted March 1, 2008 Statistics for unsold inventories seem to be listed per agent so if the number of estate agents plummets surely we won't look much different from the US? Quote Link to comment Share on other sites More sharing options...
franchiseshop Posted March 18, 2009 Share Posted March 18, 2009 It's highly likely we see a lot more of this in the coming 12-18 months. I know of several franchised estate agencies which are currently teetering on the edge. The problem with this business model is that there is not a great deal of room for expansion and change in difficult economic times. Where do you develop from there? A shop can stock new and different produce however a house is a house whichever way you want to dress it up. Matthew Anderson - business franchise consultant Quote Link to comment Share on other sites More sharing options...
johnny5thumbs Posted March 18, 2009 Share Posted March 18, 2009 In my area the weekly paper used to have 52 pages of Estate Agent's full colour adverts every week.Now since Christmas,they all advertise fortnightly.They have all agreed to stick together.This week the paper has an article from the Editor saying "Due to the present market some of the estate agents have decided to reduce their advertising spending and that is why the guide is not as comprehensive as normal " Clearly they are all tightening their belts in view of the downturn Funny - I could have sworn that I keep hearing that we were in the middle of a spring bounce. Gotta go - off to study once again the finer differences between a 'dead cat bounce' and a 'bull trap' Quote Link to comment Share on other sites More sharing options...
The Ayatollah Buggeri Posted March 18, 2009 Share Posted March 18, 2009 Oliver Scarlett, a franchise for the nationwide chain of estate agents Your Move... Oliver Scarlett sounds like the name of a gay porn star, and Your Move the title of his latest video. Quote Link to comment Share on other sites More sharing options...
mirage Posted March 18, 2009 Share Posted March 18, 2009 It's highly likely we see a lot more of this in the coming 12-18 months. I know of several franchised estate agencies which are currently teetering on the edge. The problem with this business model is that there is not a great deal of room for expansion and change in difficult economic times. Where do you develop from there? A shop can stock new and different produce however a house is a house whichever way you want to dress it up.Matthew Anderson - business franchise consultant I'll give you some highly valuable PR consulting for free: make your website less of a busy-eyed nightmare. Quote Link to comment Share on other sites More sharing options...
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