Are Estate Agents Undervalued?

Are Estate Agents undervalued?

House prices go up and down all the time but usually the fluctuations are quite gentle. In most years, the change is just a few percent up or down. A boom such as we are having right now means a 10% rise and a crash such as the one that followed the 2008/2009 financial crisis…

Read More

When might estate agents be allowed to open again?

When the country went into lockdown last month most people expected that it would last for a few weeks and then life would return to normal. It is becoming clear that this is not how things are going to turn out and that the return to normal life is going to be a gradual process…

Read More

280% Tax hike for Estate Agents who sell their businesses

Yet another article appeared in the national press this weekend about the withdrawal of tax breaks for people who sell their business.  It is the fifth article in four months and a lot business owners are starting to get very worried. At the moment if you sell your business for, say, £1 million, then you…

Read More

The demise of the online estate agency sector

‘Happy New Year… As I sit down to write this article, the first one of 2019, the estate agency news magazines, websites, portals and indeed, Twitter, are full of stories about the demise of the online estate agency sector, says Adam Walker, I hate to say ‘I told you so,’ but…” Emoov has just collapsed…

Read More

What next for the online agents?

The online agents have made considerable progress in the last year but I do not believe that this will continue.  Why do I say this?  Because I suspect that they are not selling enough houses.  A really good estate agent will sell 90% of the houses that they take on and will get 90% of…

Read More

Will the online agents destroy us?

As I sit down to write this article, Purple Bricks has just been valued at £250 million!  Personally, I would not dream of investing in the business at this level but an awful lot of estate agents are growing increasingly worried that the online agents will destroy them.  So will they?  Personally, I think that…

Read More

Nobody wants to be an estate agent by Adam J Walker

One of my daughters, who is in her final year at university, recently asked me to speak at their careers fair. During the day, I listened to some great presentations from bankers, law firms, teachers, social workers and a variety of blue chip companies from every conceivable business sector all extolling the joys of a career in their sector. I was, however, the only estate agent there. I started…

Read More

What Next For The Housing Market?

What Next For The Housing Market?

A week is a long time in politics and a month is a very long time for a columnist. I can hardly believe that only last month I wrote a piece about how positive the outlook was for the housing market following Covid. Since then, dark clouds have returned with a vengeance. The war in…

Read More