The BBC reports:
"About 150 estate agents' branches are now closing every week in the UK, according to research. Business monitor Debtwire said the number of branches had fallen from 13,000 to 12,000 so far this year."
I could never understand how all those estate agents could survive. In London, they popped up like a plague. Every High Street seemed to have four or five. Now that the market nose-diving, it is hardly suprising that it is taking down 150 estate agents a week.
2 comments:
Interestingly the EA's require much lower prices to encourage the sort of turnover they need to survive.
Of course it's very difficult because a low valuation will probably not secure an agent the seller's mandate.
Prepare yourself for EA's pleading for "realism" in asking prices!
Good. Estate Agents in this country are largely unethical, unprofessional, and form the only industry where the customer is treated with derision and disrespect.
The self-delusion and deceit they espouse show the unacceptable face of capitalism. Somebody once claimed that estate agents were simply 'public schoolboys who were not clever enough to be lawyers'. Wrong- estate agents uneducated morons who are not intelligent or savvy enough to work anywhere else and who would otherwise be on Jobseekers Allowance.
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