The global effect on international estate agents.

By: Ian Bates
Submitted: 2008-09-30 00:04:17
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All in all I think it is fair to say that most property owners are watching the news today are focusing very much on the effects of the housing market within our own country.  Within this article I will look at the effects of the global crunched across Europe and increasingly towards Asia and China.  I will look at estate agents in Eastbourne but more importantly look at how this is affecting some of the international property estate agencies.

There are a number of large firms which have branches across many countries.  Within these businesses they often have shareholders as they have been floated on the stock market.  Shareholders demand a return on their investment as they can leave as quickly as they joined.  What we find with the global estate agencies is the fact that the world markets and therefore share prices are effected more than by what is happening in our country.

So taking a look outside of estate agents in Eastbourne we can see that there is a credit crunch from France, to right across the globe.  The international estate agency firm's have found that the residential and commercial sales and therefore profits have dropped dramatically during the first half of 2008.  They have also seen that the market has been slightly less effective in Europe and Asia but the projections are that across China and Japan the property slump all is about to hit.

The impact this has on the share prices could be a potential for a share price to fall.  The international firms are addressing the situation by looking at cutting costs and driving new revenue.  One of the ways for them to redress the balance of profit is to look at reducing members of staff, the number of expensive branches, cars and indeed travel.

These firms are also looking to capitalise on increasing activity that has been generated through the lettings department.  It is interesting to see how or where once these large firms dominate the landscape, that they seem to be in the most vulnerable position now that the credit crunch has reached global proportion.

The small estate agents in Eastbourne may have also suffered, but seem to be able to adapt to this market far quicker than international firms.

Ian Bates runs a network of Estate Agents in Eastbourne

Article source: Expert Articles

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