Wednesday, September 28, 2011

Re-hash of yesterday’s Evening Standard article

More agents will close, Winkworth boss warns

Fair enough, Winkworth are obviously positioning themselves accordingly but Rant and I have been banging this drum for months over at EAT. My particular favourite is an obvious BTLer under the pseudonym 'Concerned of Tunbridge Wells'; he maintains that falling prices will curtail transactions further. In any event, the majority seem unwilling or unable to grasp the concept that until prices reflect the new reality, transactions will continue to splutter ergo inevitable EA closures.

Posted by sibley's b'stard child @ 11:25 AM (2168 views)
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7 thoughts on “Re-hash of yesterday’s Evening Standard article

  • financial planner says:

    HAHAHAHAHAHA
    In late 2009 I told them at their annual conference, sell your businesses now as the govt (the taxpayer) is giving you the biggest get out of jail free card. They laughed at me.

    HAHAHAHAHAHAHAHAHAHAHAHAHAHAH back at ye!

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  • sibley's b'stard child says:

    FP: Putting the ‘ha’ in schadenfreude.

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  • Sibley, that did make me laugh!

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  • I tell you, young people of today, not fulfilling their democratic duty to take a stake in society and wildly overpay for a house to keep the EAs in business. Apparently, some of them are even unhappy with the rent they have to pay! What is the world coming to?

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  • This represents nothing more than the sort of consolidation that has taken place in almost every other industry. If anything, the remaining, stronger chains (like Winkworths) will end up with less competition and more market power.

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  • THE Financial Planner? Rumour had it you’d donned a small white fluffy outfit with big ears and moved into the slaying profession…

    Re EA Today – Rosalind Renshaw, who runs the site, really does choose articles that tell it like it is. I believe it is going to take EA insiders to break the denial that still seems prevalent in much of the industry. The MSM aren’t exactly going to inform them, deluded vendors wont, they rarely meet FTBs any more and the HPC perspective is given short shrift. She’s doing a great job though.

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  • Agents in Devon are merging – a sure indicator that all is not well.

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