Sunday, April 13, 2008

Get the Plywood Out

Caught in the crunch – 4,000 estate agents could be forced to close

As the B of E prepares to accept 'a wider range of assets as security for loans' in return for easier and longer loans. The Times reports that of the estimated 12,000 estate agents in the UK, at least 4,000 will close by next year.

Posted by enuii @ 11:20 PM (956 views)
Please complete the required fields.



10 thoughts on “Get the Plywood Out

  • waiting for the crash says:

    Shame!

    Some useless people will have to find a proper job.

    Will this include Krusty and Phil?

    Reply
    Please complete the required fields.



  • little professor says:

    The Times has learnt of a huge slump of confidence among estate agents. Of the estimated 12,000 agents, at least 4,000 will close by next year, according to predictions by the biggest network of independent estate agencies

    Oh my. This is big stuff. Even I didn’t think things were that bad.

    Reply
    Please complete the required fields.



  • planning4acrash says:

    Thank goodness, at last, we can have some grocery shops!

    Reply
    Please complete the required fields.



  • Maybe the high street will start to look normal again, with shops with stuff in that people can you know … buy and stuff …

    Reply
    Please complete the required fields.



  • Quite. Our high streets have become stuffed with vacuous estate agents…I’ll be glad to see the back of them!

    Reply
    Please complete the required fields.



  • Verymeanreversion says:

    Sooner or later, the EA’s will be on our side, pushing prices down to get any income.

    They know their jobs depend on it, they talk to vendors regularly and will have more downward influence on prices than this site.

    Reply
    Please complete the required fields.



  • The ruthless cut-throat competition between agents over the last few years has driven commission percentages down and engineered a situation where the slightest downturn would require an almost immediate injection of capital into their business. Most probably from borrowing. This will accelerate closures.

    Reply
    Please complete the required fields.



  • titanic – re agricultural land – I’d heard that too. It’s probably as good a way of preserving wealth as any other way – better than keeping bits of devaluing paper in a bank at any rate.

    Mind you, if you are going to grow your own food, you might need a security force to keep the marauding chavs from stealing your crops…

    Reply
    Please complete the required fields.



  • Can you remember the professorial arguement in Not the Nine O Clock News?

    “….and , will be sadly missed….”

    Reply
    Please complete the required fields.



  • Verymeanreversion said… comment is absolutely on the money.

    I have a couple of EA acquaintances (not friends ) who’s main interest in the house price rises over the last 10 years has always been the number of transactions this created.

    As the power shifts towards the buyer the EA’s will recognise the best way to move stock is to take the buyers side who’s main interest of course is to drive prices down…

    Perhaps now EA’s will be our friends again…

    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>