Musings of a London Property Search Agent
The Evening Standard today reported what many of us have known for a while, that there isn’t enough work for Estate Agents so agents are closing.
SHOCK HORROR – this was also the case before the credit crisis.
There is absolutely no doubt whatsoever that the market over the last year has been slow – far too slow for many Estate Agents and Property Finders, for that matter – not us I hasten to add – the best will always survive. But for a long time there have been too many Estate Agents. In our view, the problem is most acute in central London: zone 1 in particular, but as more agents chase less business, particularly in areas with significant amounts of property over £1.5m, the problem proliferates across London.
There will be good Estate Agents and Property Finders who will lose their jobs. Some will set up on their own. For those working in property, this is a period of survival of the fittest and in time, we hope that everyone will come to see this period as a regeneration. The best will flourish, even if they do so following redundancy and setting up alone, for them it will be a new beginning and good luck to them all. We have known some great estate agents who have been victims of their bosses inadequacies. Anyone can make money from property in a boom. The current market sorts the wheat from the chaff. This London Property Search Agent seeks to find the right price in bust times as well as in a boom.