Thursday, January 3, 2008
Kiss the EAs bye bye!
"LSL Property Services has shut 12 branches and axed 315 jobs as the slowdown in the country's housing market begins to take its toll on the industry. The estate agency network, the third largest in the UK, said volumes in the second half of 2007 fell by around a third" (that is in line with the 26% slowdown reported by the Land Reg, but this is set to continue. if they foresaw a recovery they would not close branches now!!) "The group said it now plans to increase estate agent's fees" (wow wow BTLosers take notice) (big laughter: AHA HAHAHHA)