Saturday, November 17, 2007

UK agent hit by cancelled home sales

UK agent hit by cancelled home sales

Britain’s biggest chain of estate agents, Countrywide, is to close down branches after being hit by a spate of cancelled sales amid the gloomiest outlook for the housing market since the early 1990s.

Posted by katia @ 06:14 PM (1219 views)
Please complete the required fields.



9 thoughts on “UK agent hit by cancelled home sales

  • “Mr Average is just seeing this maelstrom of news going around his head, most of which isn’t very good,” he said. “Even if he goes to buy a house, he goes to the pub and half his mates say he must be mental. So he rings up and changes his mind.”
    Mr Hill said the downturn had been prompted by the credit crunch and was unlikely to ease until conditions stabilised or interest rates came down.”

    Very good!! Blame the media, blame the blokes at the pub, fact is the house market is ripe for a crash!

    Reply
    Please complete the required fields.



  • Ihopeitgoeswithabang says:

    Maybe the bloke down the pub has a point ! lol

    Maybe Mr Hill should listen to the man down the pub more often himself!

    Reply
    Please complete the required fields.



  • the northerner living in oz says:

    The only thing keeping prices up for the last two years
    is the blind faith that house increase in value for ever

    It is now clear from the postings on this website that the U.K public have been cured of that delusion.

    Reply
    Please complete the required fields.



  • brightonrentfodder says:

    lets face it these are the guys largely responsible for HPI so good riddance to them. too many on the high street anyway. just think what a psychological effect that will have when they start to close down!

    Reply
    Please complete the required fields.



  • Rentoffanothersucker says:

    Forget the rhetoric, forget the graphs and figures, all these are open to manipulation.
    Simple fact is, the biggest estate agents in the country is laying off staff and closing branches.
    That means one things: They’re not making enough money to operate because they can’t sell enough goods (houses) to keep their employees employed.
    Now does that spell insufficient demand or not?
    The good times are over. Wake up, get real.

    Reply
    Please complete the required fields.



  • Fewer estate agents are needed because fewer people are looking to buy. This is a good indicator that demand is dropping. With less demand downward pressure will be added to house prices.

    And a few estate agents loose their jobs – oh dear, what a pity.

    Reply
    Please complete the required fields.



  • Seems hardly six months have passed since the stories on the blog of persons being the lone dissenter at dinner parties, saying that a correction was (over)due and being persecuted and ridiculed for it.
    Jump forward six months and now behold, “…he goes to buy a house, he goes to the pub and half his mates say he must be mental.” That’s a pretty rapid change in public opinion if you ask me.

    Reply
    Please complete the required fields.



  • In the gold rush, it’s the people selling picks and shovels who make the money. Estate agents are the picks and shovels of the real-estate gold rush; if they’re doing badly then it means the gold rush is over.

    Reply
    Please complete the required fields.



  • Let’s not be to harsh on the employees of these guys, they have been swept along with the greedy for gold syndrome as have been the majority of the rest of the nation..Let’s hope we learn something this time !
    What’s that hopi indian saying : Only when the last river is poisoned, the last wild animal hunted and the last tree felled, that we then realise that you cannot eat money..

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>