Estate agencies gradually cutting their cost base

Discussion in 'General Property Investment Discussion' started by lookinginvest, Nov 13, 2018.

  1. lookinginvest

    lookinginvest Member

  2. FWL

    FWL Member

    You have to feel for the likes of Foxton's. Their skills lay in one to one sales but the internet is chipping away at the market and profit margins. The slowdown in the London market is the perfect opportunity to "trim" costs yet more and make the company a little leaner. Traditional estate agents will always have a role to play but their role is changing.
     
  3. Longterminvestor

    Longterminvestor Active Member

    I have always thought, like shops, there will come a time when the tide turns and people move away from doing everything online and are willing to pay a premium for person to person contact. When? That I cannot answer.
     
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