Half of Spain’s estate agencies closed in 2007

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This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 10 months ago.

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  • #53594
    Profile photo of Anonymous
    Anonymous
    Participant

    Is this a good news or bad news? Hopefully the serious ones will remain in business.

    I guess most of the ” social climbers” moved to “emerging markets”.

    http://www.rte.ie/business/2008/0117/spain.html

  • #77969
    Profile photo of Inez
    Inez
    Participant

    Theyre a bit slow on this uptake – that reports been out for months now.

    Wait until this years report!

  • #77769
    Profile photo of Inez
    Inez
    Participant

    Theyre a bit slow on this uptake – that reports been out for months now.

    Wait until this years report!

  • #78151
    Profile photo of Anonymous
    Anonymous
    Participant

    Just a simple example of the cyclical nature of the world…

    When something becomes “big” or presents a certain amount of opportunity…every man and his dog will have a go at seeing if they can do it, and cash in on the situation.

    Example A) The Spanish real estate market, during the approach to the Euro – I will tread carefuly…

    In my opinion, the Spanish government deregulated the trade simply because they knew exactly how much black money would be spent by “investors” looking to offload their cash – and why would the Spanish government (or any government in their right mind) object to this? Spains economy thrives on tourism and construction, two industries without which the country would be crippled.

    Anyway I am definately getting side tracked.

    My point was, that its good news so many agents are closing down this year and last, because you better believe they are not the “good” agents who are closing down, they are not the ones with a firm set of ethics which they adhere to, they are the agents who jumped in at the sign of a quick buck, milked as much money out of the situation as they could, and now things are getting to the stage where agents actually have to work for their money, alot of them have run off to emerging markets with their tales between their legs.

    The remaining agents are the ones who are in it for the long run!

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