One of my god-children has just completed two weeks work experience at Douglas & Gordon. When reporting back to his father to relate his experience, he said that it wasn’t a career for him. Fair enough! But the reason he gave was that being an estate agent seemed a very unfulfilling and boring profession. “All they do is show people houses, and when they do they don’t seem to do much selling.” I realise that recounting this tale does not show Douglas & Gordon in a very good light, but it is the perception of the general public and of many people who do choose to enter this profession. It couldn’t possibly be further from the truth. To be a truly outstanding estate agent requires a great many skills (very few people have them), and the easiest part of the process is showing someone around a house.
Sunlit uplands…pass me a bucket of cold water.
July 8th, 2010 by Ed MeadI went to a lunch yesterday given by a publisher. It’s an annual event and I usually give all such events a miss. Shy and retiring as I am I was persuaded by a colleague and it was actually good to see a few old faces I see all too often. The old timers are thinning out, one lovely guy has just bowed out with MS, it’s the sort of business here in central London that you only leave when forced through illness. Many have tried to leave but came back. But I digress.
Estate agents ARE the canaries of the wider Economy, so what do they think.
June 4th, 2010 by Ed MeadWhilst standing in a bank queue this morning I overheard a guy at the back saying “…and the dreaded gazumping is back”.
That’s not the way it feels to me at the moment and it’s a perhaps timely reminder that estate agents are the canaries of the wider economy.
Market Report – The Matchbox Property Guide 2010
May 25th, 2010 by Ivor DickinsonSo, what does 2010 hold for the London property owner? After a slow start February and March saw significant activity in the sales market and prices continuing to rise at the same rate as they did in 2009. However, as we came in to June it was a very different story. It is as if the entire United Kingdom was like a punch drunk boxer, reeling from blow after blow as it discovers the full extent of Blair and Brown’s profligacy over the last twelve years. I seriously believe that the British people are increasingly nervous about the future and the slow decrease in activity in every sector of the property market is largely caused by fear. Never a good emotion when confronting big decisions about whether to rent or to buy, how much to spend or when shall I make my move? The lack of property available to let will mean rental prices increasing month on month and demand for property in central London will mean sales prices holding up, but not necessarily increasing significantly.
HIP replacement
May 24th, 2010 by Ed Mead
If you want a HIP replaced these days, even on the NHS, you get it made of unobtanium and it’ll last until you’ll have more fun in one of those electric trolleys that mad old people charge around in.
At the moment the replacement HIP we’ve been offered in the property business is like damp cardboard, in other words worse than useless. Rather like Labour abolishing the House of Lords with no idea about what to replace it with much trumpeting has accompanied the removal of the packs but nothing else has been said about what’ll replace it.
No Wonder Estate Agents Get a Bad Name
May 12th, 2010 by Ivor DickinsonIt’s hard to believe, but this, I promise you, is an actual advertisement from an estate agent in London.
‘Walsingham Place, Clapham. We hadn’t made it as far as the bedroom when the perfect buyer sprang to mind. So we called like a shot. And just as we thought, they loved the house. So, viewing, great offer, exchange and completion without the house even going on the market. That’s local know how – better results in action.’
What makes Kensington and Chelsea special
August 20th, 2010 by Ed MeadRBKC, only four letters but given they denote an area that contains some of the most expensive real estate on the planet it’s not surprising that people aspire to live here, and that the property market here polarises opinion.
Firstly some facts; if you use May 1995 as a base of 100, as of May 2010 nationally the index had gone to 265, but in RBKC it’s gone to 458. So over the same period property in this sought after location has increased 216% more than the national average. The average property price is c. £870k. (Land Registry)
Posted in Agent Speaks, Areas, London Property Market, Market comment | 1 Comment »