More doom and gloom if you are an estate agent on the Costa del Sol. Half of those who set up in the last 4 years are reportedly struggling to keep their doors open.
Whilst some agents are going under or finding new jobs, some are "re-structuring". Large developers are reporting fairly whopping losses too.
However you dress it up the market has undergone a distinct slowdown and most agents are downsizing or cost-cutting in one way or another.
Some would argue that there are fewer buyers than previous years. What there definitely is, everyone will agree, is a surplus of (often overpriced) product. And a surplus of agents trying to sell it. With fewer transactions there will inevitably be fewer agents in the near future.
So where's the good news?
Well if you're a buyer, then brilliant. You can expect agents to be tripping over themselves to welcome you into their shops. Hungry agents will nearly always cut their commissions with a bit of gentle nudging. Plus a good proportion of vendors will be desperate to sell, and will often accept significant drops in price.
Whilst some agents are going under or finding new jobs, some are "re-structuring". Large developers are reporting fairly whopping losses too.
However you dress it up the market has undergone a distinct slowdown and most agents are downsizing or cost-cutting in one way or another.
Some would argue that there are fewer buyers than previous years. What there definitely is, everyone will agree, is a surplus of (often overpriced) product. And a surplus of agents trying to sell it. With fewer transactions there will inevitably be fewer agents in the near future.
So where's the good news?
Well if you're a buyer, then brilliant. You can expect agents to be tripping over themselves to welcome you into their shops. Hungry agents will nearly always cut their commissions with a bit of gentle nudging. Plus a good proportion of vendors will be desperate to sell, and will often accept significant drops in price.
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