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" Savills Sees Challenging Year For Property "

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http://uk.biz.yahoo.com/080312/214/hvbuc.html

Wednesday March 12, 07:29 AM
Savills sees challenging year for property
LONDON (ShareCast) - Estate agent and property consultant Savills (LSE: SVS.L - news) lifted full year profits by 14% but saw a slowdown
in the second half and added "
2008 will be a challenging year for the property industry worldwide
."

That's one VI statement that I think most of us will agree with. :)

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http://uk.biz.yahoo.com/080312/214/hvbuc.html
Wednesday March 12, 07:29 AM
Savills sees challenging year for property
LONDON (ShareCast) - Estate agent and property consultant Savills (LSE: SVS.L - news) lifted full year profits by 14% but saw a slowdown
in the second half and added "
2008 will be a challenging year for the property industry worldwide
."

That's one VI statement that I think most of us will agree with. :)

Whenever I see that name - Savills -- I think of that smooth talking thick-as-pig-shit Sloane bloke with smoothed back hair on a couple of tv programmes --- the guy who talks on and on about how London prices will always just go up because of the International Business Set..... bla bla bladiba --- Absolute W@nker..........

And all they can think of saying is "Challenging"....... i.e. CRAP MARKET - inflated like a Vast Balloon by thick-as-pig-shit's like him -- by fellow w@nkers i.e. Mortgage "Broker" Fraudster cohorts...

Edited by eric pebble

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Whenever I see that name - Savills -- I think of that smooth talking thick-as-pig-shit Sloane bloke with smoothed back hair on a couple of tv programmes --- the guy who talks on and on about how London prices will always just go up because of the International Business Set..... bla bla bladiba --- Absolute W@nker..........

And all they can think of saying is "Challenging"....... i.e. CRAP MARKET - inflated like a Vast Balloon by thick-as-pig-shit's like him -- by fellow w@nkers i.e. Mortgage "Broker" Fraudster cohorts...

start as you mean to go on. why dont you?

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Whenever I see that name - Savills -- I think of that smooth talking thick-as-pig-shit Sloane bloke with smoothed back hair on a couple of tv programmes --- the guy who talks on and on about how London prices will always just go up because of the International Business Set..... bla bla bladiba --- Absolute W@nker..........

And all they can think of saying is "Challenging"....... i.e. CRAP MARKET - inflated like a Vast Balloon by thick-as-pig-shit's like him -- by fellow w@nkers i.e. Mortgage "Broker" Fraudster cohorts...

I recall an interview with one of the Savill's spivs last year, around September IIRC. The EA was dressed in a dark suit with wide pinstripes. Hair was black and slicked back with a lot of grease. White shirt and bright yellow tie. Aged about 40-ish. The accent was plummy--but not cultured--wannabe Sloane. He was going on about how London was immune to any slowdown because their clients were above the problems of ordinary people and that the City was now the centre of the financial universe etc etc.

Pride. Oh how it comes before the fall.

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I recall an interview with one of the Savill's spivs last year, around September IIRC. The EA was dressed in a dark suit with wide pinstripes. Hair was black and slicked back with a lot of grease. White shirt and bright yellow tie. Aged about 40-ish. The accent was plummy--but not cultured--wannabe Sloane. He was going on about how London was immune to any slowdown because their clients were above the problems of ordinary people and that the City was now the centre of the financial universe etc etc.

Pride. Oh how it comes before the fall.

He was loathsome in his attitude -- just all about money and the rich -- b@gger everyone and everyTHING else....

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Sentiment Ladder v1.0

The boom times will continue.

Prices will rise, but modestly.

Prices will remain flat, but definitely won't fall.

Prices will fall, but modestly. <--- You are here

Prices will fall, and hard.

It's USA-style carnage.

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Sentiment Ladder v1.0

The boom times will continue.

Prices will rise, but modestly.

Prices will remain flat, but definitely won't fall.

Prices will fall, but modestly. <--- You are here

Prices will fall, and hard.

It's USA-style carnage.

That is exactly how I see it. Great post!

Dr. Bubb put the lag at 12-18 months. The storm should make landfall by late Spring-early summer. About 1 year from when the market began its slow turn.

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Interesting understatement. Personally, I'd use the words "challenging year" in relation to being an English cricket and rugby supporter not to the housing market.

The words "absolute carnage and complete reassessment of our business model" would seem more appropriate for a description of 2008's housing market.

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I had the misfortune of having worked in Savills or (FPDSavills as it was then known).

I worked in the IT section of the Oxford office; it wasn`t the `nice` shiny house-selling section but the nasty bear-pit of `credit control`. God how I hated myself so very much for going into that sh*thole and listening to Keith White (the MD) talk more cr*p about getting the tenants to pay their rents on time. Worse still Mark McKeown (accounts manager) used to drive down from Manchester every day (arrive at lunchtime; leave office at 4pm). He said the did a lot of `telecommuting` and was not needed in the office - apparently this was so he could focus on `the bigger picture` <_< (Of course, he should have focused on the details a bit more as he issued a whole load of S21 notices without caring about whether or not they were served properly - an action which later came back to bite him on the ****).

The section I worked in did a load of work for Countrywide and all the other lettings w*nkers. The accounts `system` was programmed by a pony-tailed geek who didn`t know much about the finer points of accounting and who had coded a system that never gave the right output - this was because the MD was too tight to fork out for a proper commercial package and the licences. The result was a total disaster - I used to prepare the reports using a calculator and just punched the details into the spreadsheet then printed them off! :lol: There were, of course, cumulative inaccuracies which got larger with each passing month (I was there for 6 months). As I planned to leave after 3 months of listening to w*nker White bleating about the `scum` tenants I didn`t really care much.

Most of my day-to-day tasks consisted of trying to repair knacked first-gen Pentiums and switch printers on and off when they malfunctioned!

Oh yes, the `training`: a weekend at FPDSavill`s head office in London. Stuck with trainee estate agents (typically Marcus, Jez et al). Man, they were thick as sh*t - real idiots; they were slimy gits too - I hated them all. What did I do during the `training`? Make things out of LEGO to test my communication skills and engage in `trust` :blink: exercises with my `colleagues`!

Back in Oxford: fat, drunken managers used to have a go at me about the reports not being done on time. After losing it really badly in the office with one of them I decided that enough was enough: instead of deleting the entire year`s database (too blatant, too easy to fix), I started putting bogus data into archived reports at random. I hope that I managed to throw some kind of spanner in the works. If I`d had any sense at all, I should have tried to get a transfer to the London office (IT HQ) and then start sabotaging from within.

However, I was very naive then, and I didn`t want `to get into too much trouble`. SIgh :rolleyes:

SAVILLS ARE C**TS!!! DEATH TO ESTATE AGENTS!!!! :ph34r:

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Interesting understatement. Personally, I'd use the words "challenging year" in relation to being an English cricket and rugby supporter not to the housing market.

The words "absolute carnage and complete reassessment of our business model" would seem more appropriate for a description of 2008's housing market.

Given the current performance of the England cricket team, perhaps 'absolute carnage' would fit both? I've had to blank Rugby from my mental universe due to siting opposite a welshman.

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Given the current performance of the England cricket team, perhaps 'absolute carnage' would fit both? I've had to blank Rugby from my mental universe due to siting opposite a welshman.

I can think of only one thing worse; a Welshman with a "portfolio".

Both the rugby and the portfolio will go the same way though. Console yourself with that thought.

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saw a slowdown in the second half and added "2008 will be a challenging year for the property industry worldwide."[/indent]

That's one VI statement that I think most of us will agree with. :)

I enjoy the tentative toe-in-the-water-type VI statements.

Hence my .sig :)

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I had the misfortune of having worked in Savills or (FPDSavills as it was then known).

I worked in the IT section of the Oxford office; it wasn`t the `nice` shiny house-selling section but the nasty bear-pit of `credit control`. God how I hated myself so very much for going into that sh*thole and listening to Keith White (the MD) talk more cr*p about getting the tenants to pay their rents on time. Worse still Mark McKeown (accounts manager) used to drive down from Manchester every day (arrive at lunchtime; leave office at 4pm). He said the did a lot of `telecommuting` and was not needed in the office - apparently this was so he could focus on `the bigger picture` <_< (Of course, he should have focused on the details a bit more as he issued a whole load of S21 notices without caring about whether or not they were served properly - an action which later came back to bite him on the ****).

The section I worked in did a load of work for Countrywide and all the other lettings w*nkers. The accounts `system` was programmed by a pony-tailed geek who didn`t know much about the finer points of accounting and who had coded a system that never gave the right output - this was because the MD was too tight to fork out for a proper commercial package and the licences. The result was a total disaster - I used to prepare the reports using a calculator and just punched the details into the spreadsheet then printed them off! :lol: There were, of course, cumulative inaccuracies which got larger with each passing month (I was there for 6 months). As I planned to leave after 3 months of listening to w*nker White bleating about the `scum` tenants I didn`t really care much.

Most of my day-to-day tasks consisted of trying to repair knacked first-gen Pentiums and switch printers on and off when they malfunctioned!

Oh yes, the `training`: a weekend at FPDSavill`s head office in London. Stuck with trainee estate agents (typically Marcus, Jez et al). Man, they were thick as sh*t - real idiots; they were slimy gits too - I hated them all. What did I do during the `training`? Make things out of LEGO to test my communication skills and engage in `trust` :blink: exercises with my `colleagues`!

Back in Oxford: fat, drunken managers used to have a go at me about the reports not being done on time. After losing it really badly in the office with one of them I decided that enough was enough: instead of deleting the entire year`s database (too blatant, too easy to fix), I started putting bogus data into archived reports at random. I hope that I managed to throw some kind of spanner in the works. If I`d had any sense at all, I should have tried to get a transfer to the London office (IT HQ) and then start sabotaging from within.

However, I was very naive then, and I didn`t want `to get into too much trouble`. SIgh :rolleyes:

SAVILLS ARE C**TS!!! DEATH TO ESTATE AGENTS!!!! :ph34r:

Perfectly okay to call estate agents clots. No need for the asterisks.

Someone suggested the mods delete your post. Why might that be? Is it against the law to say what you feel about people you worked with? I think it is great to see names named.

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And what is wrong with my post then? :angry:

Maybe it's just someone looking after your interests. You've admitted deliberately sabotaging data that was entrusted to you (never a winning characteristic in an employee), and from the information you've given you're probably traceable.

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Maybe it's just someone looking after your interests. You've admitted deliberately sabotaging data that was entrusted to you (never a winning characteristic in an employee), and from the information you've given you're probably traceable.

Hi

Thanks for the feedback. To be honest, I would never (could never) ask for a reference from Savills as I told the MD where to go after he made my `exit interview` very unpleasant (he accused me of `jumping ship when things got too hard`; I was, in his words `a weakling, not fit for the modern-day office environment`. Maybe he was right, but he was yanking my chain and I shouldn`t have to tolerate that from a filthy little c**t like Keith White. I`d listened to his nonsense about `added value` and other meaningless drivel and it was the last straw.

I`m glad I did what I did; just wish I could have caused even more damage while I was there. :lol:

If I`m traceable that`s a good thing - if Savills have got any issues with me they can bring it on: I can then expose the bullying of staff and tenants that was standard practice in the Oxford office. ;) How about their exorbitant fees or dubious business practises? Savills broke so many business laws that I couldn`t give a flying about what they might do to me. <_<

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Perfectly okay to call estate agents clots. No need for the asterisks.

Someone suggested the mods delete your post. Why might that be? Is it against the law to say what you feel about people you worked with? I think it is great to see names named.

;)

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Given the current performance of the England cricket team, perhaps 'absolute carnage' would fit both? I've had to blank Rugby from my mental universe due to siting opposite a welshman.

Never turn up for world cups though do they? Some teams actually bothered to make an effort for the world cup.

Always absent when the real prizes are given out - bit like the Scots, Irish, French and Kiwis.

Welshies will bottle the grand slam anyway France to win easy no pressure.

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NOOOO - just did a quick search for Keith White. Check this

http://www.crm-limited.com/tabid/61/Default.aspx

"Keith White (BA, MBA, FCIB)

Managing Director

Keith’s career started at Nationwide Building Society in retail financial services, progressing to operational and strategic accountability for the society’s residential possession sales department. Once appointed senior executive, Keith was a lead manager in the acquisition of Quality Street, a £132 million residential investment company, and the launch of £88 million worth of BES investment schemes for residential property. Since joining the business in 1997, he has developed the residential portfolio management capabilities and grown the business to its current scale as one of the largest independent providers of management services to corporates in the UK."

- Keith white is a complete tosser: he has always been involved in the murky world of property and is a bully of the worst kind. His favourite hobbies include: wringing every last drop of value from employees; breaking employment laws; repeating the latest phrase from whichever `management guru` was last posted in some business magazine or other. Business growth achieved by underinvesting and overachieving (thanks to the poor sods on the phone at the glorified call centre that was Savills Oxford!)

"Mark McKeown (BA, ACII)

Operations Director

From an early career in insurance, Mark moved to property optimisation, managing both the residential and commercial portfolios of major UK financial services providers for over 15 years. He has led the design and implementation of leading edge processes in a variety of operational arenas, delivering significant savings and improving the performance of a number of large residential portfolios. Mark is an experienced relationship manager who uses his network of external contacts to ensure best value is achieved."

The original goatee-bearded tosser; a slightly thinner version of David Brent. Enjoyed harassing staff and talking about his weekends of gay sex. (love is not a crime, but I don`t want to hear about your `sore a*se` thanks Mark! Network of external contacts eh?)

Graham Smithard (ACIB)

Head of Student Accommodation Management

Graham’s early career was in domestic UK banking with Lloyds Bank, progressing to specialise in providing corporate banking facilities to blue chip companies. Graham joined the business in 1997 and has had responsibility for both client accounting and property sourcing, developing and streamlining process systems to ensure efficient delivery of our product. Recently he has been responsible for the total management of our student accommodation blocks with specific responsibilities for maximising occupancy levels and controlling costs for the individual sites. He has a broad knowledge of both the student accommodation and property management markets and his experience ideally qualifies him for managing these sites.

"The fat guy from Laurel and Hardy. Smithers was (is?) a complete alcoholic. Best avoided after a liquid lunch lest he started ranting about the `evil computers` and how much better things were in the `old days`. So now he`s into student accommodation. Hmmm....reminds me of the time he kept going on about how he could do with `a six foot blond` after rolling in from the pub. The old perv!

Business sold - toilet flushed - sh*t still there! <_<

(apologies for the OT nature of post) ;)

Edited by southsea13

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Admitting offences on a public board is imprudent. They are not committed against an employer, they are committed against the law.

In fairness, if imprudence is the opposite of prudence as shown by the previous chancellor, it might be a virtue.

p-o-p

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Never turn up for world cups though do they? Some teams actually bothered to make an effort for the world cup.

Always absent when the real prizes are given out - bit like the Scots, Irish, French and Kiwis.

Welshies will bottle the grand slam anyway France to win easy no pressure.

I was on the TGV down to Marseilles for the quarter finals last year. In the same carriage were a bunch of Welsh blokes playing cards and drinking. Turns out they'd booked the trip on the assumption they'd be playing South Africa on the Sunday. Oops.

Anyway, me and my party didn't take the mickey much, particularly when we overheard them discussing what they could do for three days in Provence;

"Oh, look Bryn, there's a um, Paul Cezanne museum"

"Ah, and see Dai, we could always go to the um, olive farm museum"

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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