Jump to content

Recommended Posts

On my way from Lordship Lane Sation to East Dulwich Station I counted 19 estates agents (excluding Foxtons).


Into the early 1970s I seem to remember there were three estates agents only.


Why this substantial increase? Is it an index of the dysfunctionality of the East Dulwich community? Are there now so many transients?

Link to comment
https://www.eastdulwichforum.co.uk/topic/1030-estate-agents-19/
Share on other sites

  • 2 months later...

We shall see how the Estate Agents manage to fare. Did anyone see this morning's TImes? Royal Institute of Chartered Surveyors, which had previously predicted at least three percent increase in London's house prices next year (same as Nationwide), has now reviewed its forecast to reveal NO INCREASE AT ALL and a one in ten chance of a 1990's-like crash!


Also the property website, Right-move, has shown a fall in London property prices last month of 2.5%. Crumbs!

A quick look at Rightmove suggests that perhaps 30 "properties" (god I hate that word) are coming onto the market each week at present in SE22. Foxtons say they are looking for 200 properties for their 0% offer, and they've probably hooked a fair portion of these already. So, you can expect that a large number of Foxton properties will hit the market on launch day. Prepare for a sudden flood of properties on the market, with Foxton signs everywhere. I wonder if this might mean that local prices DROP for a while because of oversupply, the opposite of Foxtons' (supposed) normal impact on local markets. Of all the local agents, I expect Haart to be the ones who will be competing most savagely with Foxtons.
  • 6 months later...
In the 1970s EAgency was still a basically small business enterprise with one shop indepndents, now it's much more a branded multi-shop business. Most in LL now are chains and they will want 'shops' in desireable areas often even if they run at a loss and certainly they can afford to run them at lower margins. Not sure if any on the Lane are sole agencies...

Muttley Wrote:

-------------------------------------------------------

> A quick look at Rightmove suggests that perhaps 30

> "properties" (god I hate that word) are coming

> onto the market each week at present in SE22.


That was September 2007. There are now about 70 coming onto the market every week and stock levels building up faster than people are buying.

  • 4 months later...

MORE AGENTS MEANS HIGHER FEES


Quite simply, the more agents there are, the fewer properties they each get to sell and so they have to offset this will higher fees. At the moment they will all be struggling to make ends meet as they still have the same outgoings as they did a year ago for rent, staffing, advertising, cars etc yet are selling fewer properties.


We only use an estate agent when we move house, for the rest of the time they offer nothing to our community and high street.


How many agents would it take to create some competition in any given area? 3, 4, 5?


The sooner some close the better.

Mine was a general question about the equilibrium number for estate agents in post-property boom East Dulwich. It was not an attack on estate agents.


I'm also interested in the impact on East Dulwich of void shops (downside) and falling cost of retail rents/lease (upside).

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • A bit of a long shot but I'm on the lookout for a portable pop-up counter or podium.   The kind you often see on a high street, used by charities or utility companies to advertise their wares.   I've included a photo to give you the idea. I'm a peckham-based artist and am looking for one for a free (and non-profit) community art project.  It can be in any workable condition and can already have signage on it as we will remove and redecorate ourselves.    Thanks in advance, Linzie
    • No I absolutely did not - that much is clear. Have you read the latest stories about Unite, Len and the hotel in Birmingham? The UK electorate were smart enough to reject a far-left party in 2019, let's hope they are smart enough to reject a far-right party at the next election too. If not we are all doomed.
    • I would also like to add my recommendation for James.  I had taken four names of electricians from the forum - in the order I had read the reviews.  First three no response - even days later. I phoned James this morning. He answered, gave me a time, stuck to it, messaged again 15 mins before arrival.  He fixed my problem on the spot.  Sensible charge out fee. Perfect service.  
    • Most recent polls for the next election suggest it will be a hung parliament, with Reform the largest party by a fair margin. But that is predicated on Reform finding around 300 candidates who are actually electable. Given the number of Reform council candidates who have had to drop out prior to or after the local elections, does that seem likely? Social media is pretty unforgiving when it comes to finding skeletons in cupboards; a retweet or a like seems enough to scupper political ambitions. A few may defect from other parties, but do you think the electorate would really vote for so many brand new MPs from a newish party?  I'm not so sure.
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...