Estate Agency News
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// Estate Agency News: News OUR PROFESSION 'MAY NEVER BE THE SAME AGAIN' THE estate agency profession, battling hard to overcome the effects of the credit crunch, may never be the same again.
That is the radical view of market intelligence provider Key Note, who claim that by the time the industry recovers from the effects of the global financial slump, it will be dramatically different from that we have known up to now... Licensing a major step closer LICENSING of agents has taken a major step forward with the approval by the board of the National Federation of Property Professionals of proposals to introduce it for its members.
The NFOPP incorporates the National Association of Estate Agents and the Association of Residential Letting Agents and officials are keen to move the long-awaited measure forward as quickly as possible... GBP 300bn wiped off property values since January THE average value of homes in Britain has been falling by GBP 43.84 every day since the beginning of the year, wiping a staggering GBP 300 billion in value off the housing market since January... Snub to local papers 'set to increase' LOCAL newspapers in various parts of the UK may be in for a shock in 2009 as an increasing number of estate agents are in secret talks with a leading publisher of property newspapers to provide them with an alternative local publication... Perhaps now it's time to downsize - permanently! FACT: in any industry where supply exceeds demand, it is necessary to reduce the supply. Clearly this is happening in estate agency. Offices are being closed right across the country. Nowhere seems immune.
It is my contention that the traditional ranks of bustling high street estate agency branches have gone for good... Buy to let landlords stay calm amid financial storms INVESTMENT landlords in the private rented sector continue to remain calm in the face of the current financial storms, according to a new survey.
Over three quarters of those questioned for the third quarter ARLA Review and Index, will not sell their investments because of falling house prices.
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