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

    • The regulator has approved 2nd class deliveries on alternate days, excluding Saturdays. So Monday, Wednesday and Friday on week 1. Tuesday and Thursday on week 2. Don't know when it starts but in theory it will be better than the current haphazard service. Earlier this week I received bills and other items which had been in the post for 2 weeks. Definitely not the fault of the posties.
    • has lost a Bengal cat there was one wandering around Townley Road this morning - I'm assuming it is not the norm for this fellow to be out and about solo but I'm not a cat expert... IMG_5815.heic IMG_5819 2.heic
    • Hi everyone, I'm Gen, a catsitter based in Sydenham - if you're away this summer and need some care for your pets, please do consider me!  I can typically cover Sydenham, Forest Hill, Penge, Anerley, Crystal Palace, East Dulwich and parts of Peckham. If it's outside those areas, it still might be worth messaging me to see if I can help. I'm registered with Cat in a Flat, with flawless reviews – I'm happy to accept clients through there, or just directly (you can just DM me on the forum here) - whichever you're more comfortable with. I've been catsitting for a few years, and also used to volunteer for Celia Hammond. Here's my profile https://catinaflat.co.uk/pet-sitter/377081 Ping me a message if you need help or have any questions!
    • And we humans bear a lot of responsibility for creating the conditions that brought foxes into urban settings. I certainly don't regard them as pests - they are noisy little criminals, but I'm very fond of them (we have huge numbers of them in my area - I rescued a lost baby fox earlier this year). However, there are pest control companies that use humane methods to deter them and redirect them to different territories (a friend of mine works for one, but sadly for OP, I don't think this is in their catchment area).
Home
Events
Sign In

Sign In



Or sign in with one of these services

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