Things are looking up for the UK property market and, unfortunately, therefore rather gloomy for estate agents. How so? When things are somewhat tough estate agents can attempt to sort of justify their high fees by demonstrating how long it takes to sell a property, how much effort has to go into the process and how few transactions are ongoing from which to net the spoils of their labours. (I use the term 'labours' very loosely indeed however).
Source: http://www.realestate-properties.info/things-are-looking-up-and-down/
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