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Judging from the press releases we've seen this week, it's been an interesting few days, in [url=http://www.mansmanifesto.com]doudoune moncler homme[/url] all sorts of ways. Here are four stories that, at first glance, appear to be unrelated, but on closer inspection there might just be a common thread running through them all.
Firstly, the National Association of Estate Agents just announced on 14th January that their monthly survey of member estate agents reveals December property sales as the lowest [url=http://www.seattlesoycandles.com]hollister[/url] monthly figure for eight years. On average four properties were sold that month compared to seven [url=http://www.vivid-host.com/barbour.htm]www.vivid-host.com/barbour.htm[/url] in November albeit that acute weather conditions and the festive period were no doubt significant factors in the decline.
On the same day a joint report by the Mortgage Advice Bureau and broker Coreco Group stated that home loan approvals in 2010 fell to 1.2 million from 1.3 million in 2009. A drop in mortgages granted of over 7%.
Discouraging news indeed, from an overall perspective. Moving on, now, from the big picture to a couple of little pictures - industry snapshots, as it were, and strangely related to those two gloomy announcements...
Tower Hamlets Council has cracked down on illegal for sale and sold boards by writing warning letters to all local property firms. These illegal signs being the numerous boards that are left up long after a property has sold or let or indeed boards that are erected spuriously as nothing other than 'fly posters'.
Or [url=http://www.gotprintsigns.com/jordanpascher/]jordan pas cher[/url] how about this story, [url=http://www.1855sacramento.com/peuterey.php]peuterey outlet[/url] from "Estate Agent Today", concerning a little bit of competition between two agencies up in Bushey, in Hertfordshire? It seems the Advertising Standards Agency had to be called in when it received a complaint from the Claret estate agency because they were unhappy at fellow agency Imagine's claim that they were the 'Number One' agency in the area. The ASA upheld that complaint, but somebody should warn them to expect another one soon. Imagine's new promotional strategy now includes advertisements that describe Claret as '... the most unpleasant little reptile we have ever had the misfortune to cross swords with ...' and '... a horrible little weasel.' We can't wait to see what happens next.
So how are these stories linked?
With transaction levels now down to 575,000 a year - half those seen in the property heyday of 2006/7, when house sales had been rising for the previous decade - saying the property market has weakened is somewhat of an understatement. This is not good news for the thousands of estate agencies that sprang up in High [url=http://www.getconversational.com]hollister france[/url] Streets up and down the country. You know the ones - you see the shopfront and think "I'll just pop in for a quick Pinot Grigio" only to find it's not the winebar it looks like at all. When there was a turnover of one home in sixteen being bought and sold every year, there was some justification for putting up all those bijou faux-winebar shopfronts. But now that turnover's dropped to just [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] one in thirty properties per year, what used to be good-natured competition between agencies is starting to turn into out and out warfare. And with good reason: with more than twelve thousand agencies fighting each other for any of the very few commissions available these days, things have started to get rough.
The combination of low sales versus too many estate agency branches is causing ever more stress amongst the [url=http://www.rtnagel.com/louboutin.php]louboutin pas cher[/url] shiny suits who, evidently, are fly posting, publicly squabbling and God knows what else in what for many are survival tactics plain and simple. Desperate measures in desperate times.
And the way things stand, it can only get worse - unless the market picks up, [url=http://www.orlando-apts.com/nfljerseys/]cheap nfl jerseys[/url] and fast. But then [url=http://www.1855sacramento.com/woolrich.php]woolrich parka[/url] again, there is an alternative. It's time for a new approach to the business. In this climate stock levels are at an all-time high (as are most of their prices), and fewer and fewer buyers have less and less chance of a mortgage. And agencies are paying more and more rent for High Street premises. So it's unlikely the traditional model of multiple offices charging percentage-related commissions - however high - is going to last much longer. So watch this space, because this particular alternative been working for quite some time, now, for anything from booking airline seats to ordering the weekly groceries. It's time estate agency went online.
And why shouldn't it work for estate [url=http://www.vivid-host.com/barbour.htm]barbour uk outlet[/url] agents? Operating on the internet is a lot less expensive than [url=http://www.gotprintsigns.com/abercrombiepascher/]abercrombie pas cher[/url] renting a High Street office that looks more like a winebar from the outside, and that can only benefit both housebuyers and estate agents. They might even pop back into their old office at the end of a busy day for some Chablis and canaps ... because - with any luck - it'll now be a real wine bar.
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