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3 Reasons The Internet Will Ruin High Street Estate Agents

2 Responses

  1. David McCarroll says:

    I agree wholeheartedly with this article. Although the timing and speed of the collapse may be a bit optimistic… or pessimistic.. depending on your view! I am an estate agent and can see it happening around me. Here is a reply I put on another website which was trying to downplay the seriousness of the situation:

    I think you might be missing the point somewhat! Nearly every industry has felt the effects of online marketing over the past years. Our high streets have been decimated. From travel agents to national retailers, the shape of our high streets has been reduced to a collection of pitiful independant retailers struggling to make a living from the elderly and internet illiterate. Banks and building societies are closing branches everywhere (so much for that personal service). The only big players left on the high street are those that have increased their internet presence and now rely heavily on that presence to remain competitive. The on line estate agencies are adapting to the criticisms that have been levelled at them such as offering viewing packages etc. They will continue to adapt and make the whole process of selling your house as streamlined and customer friendly as possible… I am a n estate agent and I can see the writing on the wall. The amount of investment going into on line agencies from major sources is staggering and big hitters such as Stellios (whats his face?) starting up their own on line brands. Either you are blind or just in denial about what is happening in this industry. 10 years from now (possibly sooner) people will be considered idiotic to pay 1.5% to 3% of their property value to sell their home. You completely over estimate the value of ‘face to face’ sales.

  2. Andrew Johnson says:

    I agree with the other comment. Look how Purple Bricks share price has shot up as Investors look to the future.

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