Skip to main content

Britain's housing market is an unexploded economic bomb - MoneyWeek

Britain's housing market is an unexploded economic bomb - MoneyWeek

By all means read this thoroughly depressing article but bear in mind that for our part we have had the best 3 month run in terms of sales, new instructions and contract exchanges since 2007 when we agree that the 'top' of the market was reached. As a broad brush generalisation estate agents are not interested in rising or falling house prices - they earn their living from actual sales so it is the volume (number) of transactions that is the real issue. Our view is that volumes are up! Home owners can only put off a move up or down the market for so long before other pressures come to bear and they simply have to do it.

If you still feel like you need to be reassured that the only way is down then take out a subscription for a regular copy of the Daily Mail!

Comments

Popular posts from this blog

Canvassing For Business

I can remember back in 1990/91 when I was with the forerunner of this firm (my god that's nearly 20 years ago!) that we were in the middle of a property market down turn that I personally believe was far worse than the current one. Osbornes Property Services as we were then called was suffering from a serious lack of income that also had a root in a serious lack of good saleable property to sell.

We were new, very professional, very keen, very hardworking and very keen to please but no one had heard of us. Our marketing budget was limited - we were skint to be truthful! What did we do? Well we set about making people aware of us by 'canvassing'. I wrote letters to other agents vendors, I dropped leaflets, we advertised as imaginatively as possible saying that even in that market we needed property for sale. Did it work? Yes to a degree and we certainly wound up some of the more established local estate agents who were not keen to lose instructions to newcomers like us.

20 ye…

£10k refit competition ??

I have just returned from hospital having had a procedure carried out on my foot/ankle that involves repairing a damaged tendon and realigning my foot by breaking my heel! While waiting to be called down to theatre I sat in my room checking e-mails - as you do when you want to take your mind off things.

There was an e-mail from Colin Clayton of Desk Centre Limited http://www.deskcentre.co.uk talking about a £10,000 office refit and all I had to do was create a blog post suggesting why my office should be the one to receive it! What an opportunity - here I am laid up for two weeks before I can mobilise on crutches and my office certainly would benefit from a revamp in 2013.



Like most surviving, small, independent estate agents we have done this by cutting costs, reducing premises and regrettably letting staff go. Our address used to be 20-22 Market Place but is now 20 Market Place only. We originally moved to No.20 from our first premises in Newnham Street in 1993- my then business par…