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In yesterday's Sunday Times, Foxtons were saying this is now the best time to buy UK property which is total garbage because even their competition Savills are saying the UK market will fall 25% by the end of next year, and economists are predicting falls could be as much as 30%. Foxtons have been exposed for overpricing, mis-selling, and fraudulently erecting their For Sale Boards outside properties they were not marketing, they were also recently marketing agressively through the Sunday Press properties in Spain in a falling market, and now they are pushing UK property in a falling market too.
Foxtons are in severe financial straits since their owner sold out a couple of years ago..
I would liken them to Ocean Estates, don't believe a word they say, they are commission driven.
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A BBC prog. the other night implied that Foxtons were one of the agents responsible for driving up the price of property in London etc, they always overprice.
It showed a group of angry people protesting outside their offices and referring to them in a derogatory manner as 'F' meaning Foxtons.
When one of their wide boys makes a sale pocketing 10% commission personally out of their agency steep commission, they punch a punchbag hanging in their offices and crack open the bubbly.
A bit like the wide boys operating on the Spanish Costas and other areas.
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10% commission??? Are they recruiting?  .
Seriously though, I've seen some of those London agents on the TV programmes and it makes me cringe the way they perform with all this ringing bells when they get a sale and now the punch bags?? No wonder we get bad press.
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oh come on Gina.....
When i first started out we had a Bell that you rang after a Sale and the biggest seller got the boss's Jag for the weekend.
We had a bar over the road where all the Estate agent's used to drink ,nobody else would come in because they all thought we were arrogant p***s,
In fact,looking back,they probably had a point  
What a decade the 80's was...got to be the best decade ever!!!
_______________________
www.taylorlandandpropertygroup.co.uk
still here after all these years!
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Aaaaaah the 80's
Now you're talking. But we only rang the bell after they had exchanged LOL!
And remember the days when we could go out on appointments without rape alarms, emergency code numbers and a black belt in karate. Those were the days. 
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How things change?
Yesterday's Times, Bricks and Mortar, asks the opinions of 8 estate agents in the UK about the market etc. Most are now blaming the vendors for overpricing, and not reducing their prices, although same agents took the instruction in the 1st place at overinflated prices.
The one good comment was that there are 3 stages in trying to sell in bad markets, 'Indignation, Resignation and Capitulation', another went on to say that people will not accept that their £750k property will only fetch £500k now (Indignation), and that we were only beginning to enter 'Resignation'.
Worse to come then!
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Have to agree with them to a certain extent re vendors scam,
In the booming market vendors were arguing with us re pricing (sometimes they would be lucky THEN). The classic is "I haven't got a clue what my house is worth" So when they are told a realistice price all of a sudden they, their neighbours and Joe Bloggs down the road become the estate Agent!! Then they say that on no account would they sell for that price! Why ask us then???
Anyway, bottom line is, there is no point us taking on a property that hasn't a hope of selling, most vendors now are realising that the price we give is right. The others who still live in La La Land, well, they are welcome to go to another agent that will price what they want.
This message was last edited by Candyfloss on 9/20/2008.
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Is this the same so called experts that only a while back said U.K proprties would continue to rise as it was a simple case of supply and demand
Is this the same economists that saw the Spanish market continuing to rise due to the mass exit of those in the U.K.
REALITY ? They all dont have a friggin clue as no one knows what the future holds.
I wouldnt trust any single one of them as if they were right everytime and we listened the we would all be worth a fortune. 
What for instance would change views overnight with the intervention of government last week and the Euro /Pound went to 1.50 exchange rate
Enconomists/Surveyors/E.As post on whether the glass is half empty or full/to try to make a name for themselves or try to twist the situation to gain sales by simply lying
Just Dan
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And some don't 
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Candyfloss
And some dont  Still say those are only guessing and giving their opinion based on factors both tangible and the unknown.
Just Dan
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Totally agree Dan
It's the other idiots that get us all tarred with the same brush and it's not always the case  . Still the up side is they don't stay in business very long so that's good for us, the NICE ones 
P.S. shouldn't this thread be under Agents  Back?? This message was last edited by Candyfloss on 9/20/2008.
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Not all agents are to blame for the scams in Spain, UK and other countries, in fact it's more often the unscrupulous Directors who teach their new staff to mis-sell at any cost and the satff are under a lot of pressure, it's the barstewards in charge.
Another interesting fact came out the other day re the UK, apparently the UK needs 160000 new homes a year to keep up with demand, yet there are nearly a million boarded up properties in many cases owned by Councils who won't free them up, or who want to knock them down to build, wait for it, more new homes, so an obvious backhander thing going on there. There's enough boarded up homes to supply 6 years demand, it's all a bit of a con really.
Savills (normally bullish being an agent) are now saying the UK market will fall more than 25% now due to the latest Banking fiascos.
However, in the UK avoid Foxtons, and in Spain avoid Ocean Estates, the past masters of mis-selling.
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** EDITED - Advertising **
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Foxtons at it again, Andrew Weir their central London area Director says there 'may be fewer properties to choose from next year as stock reduces further' according to today's S. Times.
Of course he doesn't mention the swiftly growing numbers of repossessions, more distressed sellers nor the fact that other agents like Savills, as well as economists, are predicting house prices to fall as much as 30-40% by 2010.
Foxtons will say anything to get a sale so they can: ring their bell, punch their punchbag and open the bubbly to celebrate another highy commision having sold to someone paying over the odds.
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