Monday, April 14, 2008

Shame really, they provide such a valuable service (not!)

Fear of closure for 4,000 estate agents

A third of Britain's estate agents could be forced to close this year as the number of house sales plunge. Predictions made by the biggest network of independent estate agencies, Movewithus, estimates that around 4,000 of the country's 12,000 property businesses will shut by December.

Posted by landedgentry @ 12:29 PM (684 views)
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9 thoughts on “Shame really, they provide such a valuable service (not!)

  • Estate agents.. losing jobs??? At the end of housing bubble?? Surely not?? Whod have thought it… YAWN!! What now?? Anyone for squash???

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  • Hey, maybe Gordo and crew can bail them out. Isn’t that the usual course of action of late?

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  • Not surprised. France’s EA body, the FNAIM, reckon up to 50% could go over there and get back to the number of EA’s before the bubble – pre 2000. Don’t see why the UK should be any different.

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  • The feeling on reading this is exactly what the word ‘schaddenfreude’ was invented to describe ….

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  • Only the EAs who adopt a sensible pricing (down) policy maintain cash flow. Those who fail to adopt this policy, I’m
    thinking the likes of Poxtons, will go under.

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  • Does anyone know why pecker frequents this site? He doesn’t seem to be in the slightest bit interested in the topic. He must have an awful lot of time on his hands.

    Guess he must be an estate agent.

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  • Will Krusty and Phil Spectre be starting a new series: “Employment, Employment, Employment?”

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  • Serves ’em right, many will say. I always thought that they were part of the problem anyway.

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  • it_is_going_with_a_bang says:

    There’s just to many of them. Simple business economics.

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