Estate Agency Closures

cookie_monster

Heard that Conrad EA based in Birmingham are closing down soon, spoke to one of the salesmen and they said the future doesn't look too good, they recently had to downsize their luxury BMW's / 4x4's for standard family saloons.

FraudBuster

they recently had to downsize their luxury BMW's / 4x4's for standard family saloons.

:grouphug:

:shocked:

:rotfl:

wymondham

cookie_monster wrote: »

they recently had to downsize their luxury BMW's / 4x4's for standard family saloons.

I thought it was tough, but this is a whole new ball game!! :rotfl:

PasturesNew

Company bikes next?

cookie_monster

PasturesNew wrote: »

Company bikes next?

Why not? Make them work for their money. :j


Glad they are going down the pan, they had an easy run for the past few years flashing the cash. They also seem to be letting out more properties then selling and it all seems to be imigrants they are letting to maybe claiming the money back from the government. Loads of Polish/African people moved into our area lately living in rented houses with the Conrad EA to let boards outside.

baby_boomer

The pressure on EAs is not going away any time soon as the number of housing transactions slumps to a 30 year low. [Suddenly the comparisons are no longer just with the 1990s.]

Telegraph

"...RICS said that stricter lending criteria from banks and building societies have left many people unable to get a mortgage. Estate agents now have an average of 84 unsold properties on their books, compared with just under 90 in May, after new instructions fell for the sixth month in a row...."

".....Richard Powell, a member of RICS based in Oldham, Lancashire, said: "June was the worst month so far for buyer activity and the situation is worsened by a high cancellation rate due to difficulties with finance availability and a lack of buyer confidence.

Sellers are reluctant to reduce prices and are under no real pressure to sell. Buyers are sitting and waiting. The net result is very few transactions......"

moanymoany

silvercar wrote: »

An EAs tale:

http://www.agentsdiary.blogspot.com/

As an ardent fan and follower of Agentsdiary, I recommend a read.

baby_boomer

PasturesNew wrote: »

Company bikes next?

Anything to get those ghastly Foxton's painted minis off the streets of London. And surely preferable to job losses or branch closures?

With the average traffic speed in London the same or worse as in 1899 when it was horse drawn, you'd pay more attention to a Foxton's bike as it sped past you in a jam, than you would to a Foxton's mini that held you up or cut in.

I'm pleased to see more Police bikes these days. They are a) less likely to kill a pedestrian in a speed chase and b) just as likely to catch up with a London criminal in a car .

justme123_3

Mckinlays estate agents Chard Somerset has closed down I feel sorry for Chris about the only EA I have ever known to be hard working honest and one of the good guys not many of them left

bo_drinker

2 or 3 gone round here. Easy in easy out big names. Glad to see them out really. Others are struggling though. Good times are long gone. Tip of the wedge.