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The Masked Tulip

House Prices Plunge Again – As Estate Agents Raise Their Fees

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Many of Britain's biggest estate agents are raising their prices in a desperate bid to increase their earnings from the ever-dwindling number of homes they are now able to sell.
Parviz Khan, a branch manager at Birmingham-based estate agent Abbey Estates, said: "Our sales have just completely dried up and did so pretty rapidly once the crunch set in toward the end of last year. We've been forced to raise client fees in some areas to remain competitive."
A spokeswoman for Kinleigh Folkard & Hayward, a London-based estate agency, said the depressed state of the market had left it with no choice but to raise its average fee to 2 per cent of the sale price. "Our fees have gone up because of the nature of the property market as it is – we are having to do more to find buyers for our customers," she said.

http://www.independent.co.uk/news/uk/home-...ees-878692.html

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A spokeswoman for Kinleigh Folkard & Hayward, a London-based estate agency, said the depressed state of the market had left it with no choice but to raise its average fee to 2 per cent of the sale price. "Our fees have gone up because of the nature of the property market as it is – we are having to do more to find buyers for our customers," she said.

As in, actually TRY to sell something - is that what she meant?

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Another benefit of having your own home, rising sales costs.

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"We've been forced to raise client fees in some areas to remain competitive."

:o

Have I missed something.......................

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"We've been forced to raise client fees in some areas to remain competitive."

:o

Have I missed something.......................

Indeed. Estate Agents are being given free economics lessons by Fiononananalia Earley. :lol:

AFP

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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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