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Estate Agents Face Dole As Sales Plunge

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ESTATE AGENTS FACE DOLE AS SALES PLUNGE

As many as 6,000 estate agents could lose their jobs this year, as home sales plummet by as much as 80% in some regions.

The grim warning comes from Chris Wood, president of the National Association of Estate Agents, who said: 'I wouldn't be surprised to see the number dropping by 10% to 20%.'

He estimates there are currently around 30,000 people working in the sector, which implies a potential jobs cull of around 6,000.

'I think that's probably quite a reasonable estimate,' said Grenville Turner, chief executive of Countrywide, the UK's biggest estate agency. ….

http://www.thisismoney.co.uk/news/article....mp;in_page_id=2

I was turned over several times by EA's during the 80's housing boom. I've never forgotten.

So if they want sympathy from me, well, they'll find it in the dictionary between sh*t and syphillis!

:lol:

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ESTATE AGENTS FACE DOLE AS SALES PLUNGE

Surely most will be able to jump straight into other jobs, what with them being quality sales people responsible for billions of pounds of transactions :lol:

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Surely most will be able to jump straight into other jobs, what with them being quality sales people responsible for billions of pounds of transactions :lol:

You are quite wrong a not a little insulting. Estate Agents are "professionals". After all, they wear shirts with a tie.

;)

Edited by Realistbear

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Quite a lot will retrain as Energy Certificate consultants.

So you lot will have to bear having them round at your dingy rented flat soon as it becomes law for your landlord to get one done in October!

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ESTATE AGENTS FACE DOLE AS SALES PLUNGE

As many as 6,000 estate agents could lose their jobs this year, as home sales plummet by as much as 80% in some regions.

The grim warning comes from Chris Wood, president of the National Association of Estate Agents, who said: 'I wouldn't be surprised to see the number dropping by 10% to 20%.'

But there's 300,000 EA's in the UK (co-incidentally exactly the same as the number of builders!) so 6,000 redundancies is only a 2% reduction. Even if transactions fall by only a quarter to a third then at least 50,000 will go, and that's aiming-off for an increase in EA's rental business.

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Expect stocks in hair gel manafacturers such as Wella and skincare specialists such as Clearasil to nose dive on Monday! :lol:

And wide ties. White socks. Any gold-plated jewelery. Mini's. Teeth whitener. Cheap suits. Flash mobiles. I think I'll stop now. :)

Nomadd

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You are quite wrong a not a little insulting. Estate Agents are "professionals". After all, they wear shirts with a tie.

;)

I've noticed this too. Whenever I see schoolboys grown up businessmen wearing a suit and a tie I know this uniform is a mark of total honesty and integrity. It's like the old lion on an egg, or the British Safety Council Logo on a crash helmet, or a policeman's warrant card; it guarantees that you are dealing with a person of quality and gravitas. That is of course why this uniform is so popular with all of our friends in the City. They know that in order to con you out of your life savings and pursuade you to make really dumb decisions, the nice pressed suit and colourful (but not too zippy) tie is the one thing that removes all doubts in your mind.

6,000 EA redundancies is still not enough. That still means the smallest town or village will have a ratio of at least six Estate Agents shops to every one useful shop that sells things people need, like stamps, newspapers, milk and even food. We need a cull of at least 20,000 of them. That would leave 10,000 which, evenly distributed, might result in just two Agents per small town. That's about right and ensures competition. Imagine the absurdity of seeing six Spa/grocery shops all in a row in your local village. THAT'S how absurd EA's are.

VP

Edited by VacantPossession

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And wide ties. White socks. Any gold-plated jewelery. Mini's. Teeth whitener. Cheap suits. Flash mobiles. I think I'll stop now. :)

Nomadd

You forgot Audi TTs and Mini Coppers

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ESTATE AGENTS FACE DOLE AS SALES PLUNGE

As many as 6,000 estate agents could lose their jobs this year, as home sales plummet by as much as 80% in some regions.

The grim warning comes from Chris Wood, president of the National Association of Estate Agents, who said: 'I wouldn't be surprised to see the number dropping by 10% to 20%.'

He estimates there are currently around 30,000 people working in the sector, which implies a potential jobs cull of around 6,000.

'I think that's probably quite a reasonable estimate,' said Grenville Turner, chief executive of Countrywide, the UK's biggest estate agency. ….

http://www.thisismoney.co.uk/news/article....mp;in_page_id=2

I was turned over several times by EA's during the 80's housing boom. I've never forgotten.

So if they want sympathy from me, well, they'll find it in the dictionary between sh*t and syphillis!

:lol:

6,000 - pahh. Phone them back and tell them I won't accept anything under 15,000.

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Garbage.

Reversing the figs gets nearer the reality

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You are quite wrong a not a little insulting. Estate Agents are "professionals". After all, they wear shirts with a tie.

;)

The only people who wear ties on weekends are Jehovah's Witnesses or Estate Agents. I struggle to decide which I despise most.

At least only 144,000 Jehovah's Witnesses will make into Heaven. Personaly, I never realised the nightclub was that big.

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Imagine the absurdity of seeing six Spa/grocery shops all in a row in your local village. THAT'S how absurd EA's are.

VP

Sorry to nitpick, and please don't think I'm defending EAs, but it is actually quite reasonable to expect to find EAs located next to one another. It's for the same reason that Wilmslow Road in Manchester is full of curry restaurants (>20) and that nearly all the jewellery shops in Birmingham are in Hockley.

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Who are the worst, estate agents or mortgage advisors?

Mortgage advisors facilitated the insane multiples, but the EA kept pumping the prices up, so gaining more and more commission.

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Sorry to nitpick, and please don't think I'm defending EAs, but it is actually quite reasonable to expect to find EAs located next to one another. It's for the same reason that Wilmslow Road in Manchester is full of curry restaurants (>20) and that nearly all the jewellery shops in Birmingham are in Hockley.

Case proven then!

VP

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Who are the worst, estate agents or mortgage advisors?

Mortgage advisors facilitated the insane multiples, but the EA kept pumping the prices up, so gaining more and more commission.

At least the EAs were pumping on behalf of their clients!

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Guest Bart of Darkness
Will there be any jobs for 6,000 professional bullsh*ters???

Politics?

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Quite a lot will retrain as Energy Certificate consultants.

So you lot will have to bear having them round at your dingy rented flat soon as it becomes law for your landlord to get one done in October!

Oh go on then I'll 'tag' myself into the ring and take you down!

I regularly have people from the lettings agency (Simply Lets in Worcester) round to do things like do gas safety checks, fit a new boiler, totally upgrade the fuse board (to a nice rcd version), fix the sealant around the bath (wouldn't want to get my hands dirty now would I?!) and others.

THey come round at the drop of a hat and I make them a cup of tea, have a chat, then sign their little green forms.

It's a small price to pay for the landlord taking all my negative equity - who said there were no knights in shining armour?

I'm saving a FORTUNE after paying my measly rent (half a mortgage!) and living in a lovely house in an area I wouldn't (until now) have been able to afford to live in!

Once my deposit is big enough I will deign to offer a desultory amount to some poor vendor (sorry but that's supply and demand - remember that particular boomerang?) then start (shudder) paying for my own house repairs, insurance etc...

So, clever clogs, your post (if meant to be snide) was, like, SO 2007!

Get with the new movement!

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Oh go on then I'll 'tag' myself into the ring and take you down!

I regularly have people from the lettings agency (Simply Lets in Worcester) round to do things like do gas safety checks, fit a new boiler, totally upgrade the fuse board (to a nice rcd version), fix the sealant around the bath (wouldn't want to get my hands dirty now would I?!) and others.

THey come round at the drop of a hat and I make them a cup of tea, have a chat, then sign their little green forms.

It's a small price to pay for the landlord taking all my negative equity - who said there were no knights in shining armour?

I'm saving a FORTUNE after paying my measly rent (half a mortgage!) and living in a lovely house in an area I wouldn't (until now) have been able to afford to live in!

Once my deposit is big enough I will deign to offer a desultory amount to some poor vendor (sorry but that's supply and demand - remember that particular boomerang?) then start (shudder) paying for my own house repairs, insurance etc...

So, clever clogs, your post (if meant to be snide) was, like, SO 2007!

Get with the new movement!

Me too. 4 bed detached, garden and drive, garage. Had new carpets recently.

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  • 399 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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