Slow down in new Estate Agents in London

It has been a very busy 2016 with fairly substantial pieces of news to effect the UK Property industry with Brexit, President Elect Donald Trump and of course the recent ban on letting fees to tenants (remember that Foxton’s shares plummeted 13% in one hour following the ban on fees). So is it no surprise that we see a dip in New Estate Agencies opening?

 

2016 though hitting the ground running on an expectant buoyant market, things slowed down to see a drop in estate agents in 4 of 10 London Boroughs with Barnet stated as showing a 7.2% drop.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

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