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2500 EA's gone bust in last 5 years:and there's more to come


sancho panza

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sancho panza

More hilarity from Pie.

A flavour of the comments,where the enmity is growing by the day

J1

Let’s just blow the myth that on-liners have a lower cost base.

No they don’t.

They are now, and will always  continue to spend much more on advertising their massively loss making businesses; and all they are succceeding in doing is dragging down standards!

dompritch134

These figures are already freely available, FY 2018 PB made £8.1 million profit in the UK.

The average revenue per instruction rose 7% to £1168

The cost per instruction this includes portal cost fell in FY 2018 to £332.

So please don’t just type without research.

 

 

http://www.propertyindustryeye.com/more-agents-will-be-victims-of-britains-death-of-the-high-street-prediction/

'Almost 2,500 estate and letting agency firms have gone bust in the last five years.

In England and Wales, 2,181 went out of business, with 265 business failures in Scotland since 2013.

The figures were researched by Scottish agent DJ Alexander, whose managing director David Alexander told publication Insider that there were a number of factors in play including the general slowdown of the high street, where the likes of Marks & Spencer and Debenhams have told of a large number of store closures.

He said: “Clearly online competition has had a dramatic impact on the high street with its lower cost base and its generational and cultural shift from on-street to online shopping.”

He added: “The generational and cultural change is enormous. For most people under 40 the idea of wandering from shop to shop in city centres is alien to them and they conduct many of their purchases on their phones, tablets or computers.

“This situation is only likely to continue and we can see that high street outlets such as estate agents are suffering as a result and will continue to suffer over the next few years.”

Alexander said that rents and business rates have also played a part, while a further issue for letting agents is the way the property investment market has been hit by tax changes, resulting in a thinning out of smaller landlords.

Alexander, whose business has branches in Edinburgh and Glasgow, said more people would look online for a one-stop shop for their property needs.

He went on: “The loss of the high street estate agent does not mean less service. In fact it means more, with a greater focus on the needs of the client.”

He said it was a brave new world, where estate agency will continue to exist, but not in the same way.

He said that there will be more closures as the market adjusts.'

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Ive n real opinion on bricks v online.

I do know, however, that the online ones are doing a very job of convincing the public that an EA should only be paid 300/500 for selling a house.

 

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51 minutes ago, sancho panza said:

The figures were researched by Scottish agent DJ Alexander, whose managing director David Alexander told publication Insider that there were a number of factors in play including the general slowdown of the high street, where the likes of Marks & Spencer and Debenhams have told of a large number of store closures.

H

EAs are not on the same street as retailers and what not.

The concept of looking in an EAs window to see  what is for sale does not happen with anyone under the age 60.

Equally, looking inthe local paper property pages.

TheEAS need to get this in their thick heads - their A2 premises are fucked/useless/wate of money.

And EA with any sense would have left the EA drags and moved to an inustrial eatte where their few customer can park and they cna have low rate/rent buildings for the files and whatnot.

Im not aware of a single EA who's dont that. which just goes to show what a useless collections of fuckheads they are.

 

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It’s a start I suppose but fck me what about the other fifty odd THOUSAND of the lying cretins?

 

https://www.statista.com/statistics/319823/number-of-estate-agents-and-auctioneers-in-the-uk/

2 hours ago, spygirl said:

EAs are not on the same street as retailers and what not.

The concept of looking in an EAs window to see  what is for sale does not happen with anyone under the age 60.

Equally, looking inthe local paper property pages.

TheEAS need to get this in their thick heads - their A2 premises are fucked/useless/wate of money.

And EA with any sense would have left the EA drags and moved to an inustrial eatte where their few customer can park and they cna have low rate/rent buildings for the files and whatnot.

Im not aware of a single EA who's dont that. which just goes to show what a useless collections of fuckheads they are.

 

Given no one under the age of sixty buys a house that seems ok 😂

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1 minute ago, Wig said:

It’s a start I suppose but fck me what about the other fifty odd THOUSAND of the lying cretins?

 

https://www.statista.com/statistics/319823/number-of-estate-agents-and-auctioneers-in-the-uk/

Given no one under the age of sixty buys a house that seems ok 😂

Bit oapist innit...

You cant hold a housing position long. Deathtakes care of it.

Seriously, any are where the average home owner is 60+ is fucked in this market. Wave after wave of probate.

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So for 15 years they desperately target BTLers to sell 2nd hand houses to, then Mr and Mrs BTL feel less inclined to flog it meaning the market is dying.

Seems their business plan isn't too great.

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sancho panza
5 hours ago, spygirl said:

Ive n real opinion on bricks v online.

I do know, however, that the online ones are doing a very job of convincing the public that an EA should only be paid 300/500 for selling a house.

 

It's quite heartwarming.I worked many years ago and saw the work the conveyancers pout in and how little they get compared to the person who sticks it on Rightmove.

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