Tag Archives | estate agent

Fight back or perish

Fight back or perish

Imagine that you owned a Michelin-starred restaurant that served delicious food at £100 per head.  How would you react if a new McDonald’s restaurant opened right opposite you?  Would you start serving burgers and chips at £2.99 per portion or would you work still harder to serve even more delicious food at a premium price? […]

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Will the online agents destroy us?

As I sit down to write this article, Purple Bricks has just been valued at £250 million!  Personally, I would not dream of investing in the business at this level but an awful lot of estate agents are growing increasingly worried that the online agents will destroy them.  So will they?  Personally, I think that […]

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Regulation – A Tenants Perspective

For thirty-five years, I have viewed the burden of increasing regulation from the agent’s perspective but I have just been forced to look at it from the perspective of the tenant. One of my daughters did her degree at Kings College London and made what turned out to be a rather unwise choice of student […]

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You Can’t Get the Staff

The shortage of experienced estate agency staff has reached a crisis point. One of the recruitment agencies has reported that there are currently 7 available jobs for every suitably qualified candidate and many of my clients are telling me similar.  The inability to recruit the right staff is currently the number one challenge in this […]

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Are you ready for the end of tenant fees?

Labour and the Liberal Democrats have been defeated and many of their ill-judged proposals for the housing market such as rent controls and mansion tax have been defeated with them.  However, one of their proposals remains very much alive and could still pose a real threat to the profitability of estate agents.  That proposal is […]

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Beware buyer fees by Adam J Walker

During the last few months a small number of estate agents, mostly in London and the Home Counties, have started to use conditional contracts. In other words they have started to ask buyers to pay their fees. To my mind this is an alarming development that could have far reaching implications for the whole of […]

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Nobody wants to be an estate agent by Adam J Walker

One of my daughters, who is in her final year at university, recently asked me to speak at their careers fair. During the day, I listened to some great presentations from bankers, law firms, teachers, social workers and a variety of blue chip companies from every conceivable business sector all extolling the joys of a career in their sector. I was, however, the only estate agent there. I started […]

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Go big or go bust

Go big or go bust?

Adam J Walker discusses whether there is a future for independent letting agents. The big national and regional letting agents are buying up their smaller competitors at an astonishing rate. In the last few months alone, several quite sizeable letting agents including John German, Lampons, Perry Bishop and Chambers, Sullivan Thomas and, most recently, Fitz-Gibbon, […]

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