Estate agents were among the biggest ‘fallers’ in the high street in the first six months of this year.
The dwindling of their high street numbers put them in fourth place behind charity shops, shoe shops and women’s clothes shops which shut down.
However, numbers are tiny.
According to new figures from PwC and the Local Data Company, 114 estate agency branches closed and 78 opened – giving a net loss of 36 branches.
Gift shops, card shops and banks were named as the other sectors which lost high street presence.
By contrast, tobacconists, TV shops, beauty shops, coffee shops, booksellers, supermarkets and ice cream parlours finished the first six months of this year with more high street outlets than they started with.
PwC specifically cites Rightmove and Zoopla as being the reason behind the fall in the number of agency outlets.
Comments (12)
By 2020 60% independent estate agent will be out of the market!
That’ll be 39.9% less than the losses suffered by the call-centre and bedroom billy agent fraternities, then…
Estate/Letting Agencies and Charities, There is an increased feeling of similarity about these two don’t you think.
That’ll all change over the next few years. We’re going to see the numbers of High Street agents closing increasing dramatically as they carry on slashing their fees and struggling to compete with the purple people.
Is there a pub where you guys all meet and come up with all this drivel?
What planet are you on? Never in a million years will online take over!
MrLister drinks in the purplepub smile please …..as you know.
What you may not know is that all the customers that go in, pay their beer money upfront and get ……sod all.
Then I go in, charge them £1000 upfront and throw a bucket of cold water over them ….and then I leave, shouting
“Beermisery Sucks …..doesn’t it!”
More bookshops opening after people thinking they only wanted Amazon/online/kindles…. hmmm…?
Hoorah for Ice Cream Shops – I’m going to combine my Estate Agency with an Ice Cream Parlour…. it’s a Win Win formula for my clients and me!
Don’t shout that out too loudly GPL…Foxtons will add an ice cream fridge to their fizzy drink glass displays!!
Dear PWC…wrong, the closures are nothing to do with RMV and Z…there is a changing market and too many agents.
Well you could lay it at their door. RM and Z are supposed to sell houses aren’t they……………….?
BRAIN FREEZE !!!!