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

    • Maybe if you indicated what you were reviewing, pub, gastro pub, high-end gourmet, local Italian etc. - whatever classifications you wanted, then you need only indicate that your stars referred to overall quality in that category. So it it's pub grub then 5 stars means it's great pub grub, but not the same experience as 5 stars in a high end gourmet category. Your star system could then include implicitly value for money as well. 
    • Does OP know they can sell everything but alcohol even without a license?😄
    • Thanks, it's a real dilemma whether to do star ratings. A few people have asked me to do them but I've tried to resist as they are too reductive - people will look at them and won't read review! and they are difficult too - my last review of Victoria Inn, i'd give it five stars for value for money - how can you knock two courses for £18? – but 2 stars for quality - edible but nothing special. Which I guess is why some sites give star ratings for different things...
    • ok - Jeremy himself is against mandatory vaccines. Is he as extreme as his brother? No? Is it fair to discuss how the overall view of that family would inform Jeremy's response to the pandemic? I would argue very much so    
Home
Events
Sign In

Sign In



Or sign in with one of these services

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