LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Are you charging enough? UK estate agent fees amongst cheapest in the world – London Wallet

Mark Helprin by Mark Helprin
October 5, 2023
in Real Estate
Are you charging enough? UK estate agent fees amongst cheapest in the world – London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Bank of England deputy governor warns of climate risks to commercial assets | Property Week

Dandara and MKDP get go-ahead for 174 Milton Keynes homes | Property Week

Indian energy giant EET buys Thornton Science Park from University of Cheshire | Property Week

How much does your estate agency charge? It is one of the first questions a prospective seller thinking of commissioning your company is likely to ask before instructing you to sell their property.

Vendors and landlords regularly negotiate fees with agents. Why? Because more time than not, they know they will secure a discount on the agent’s quoted price.

As a result, British estate agents, at an average of just over 1%, charge some of the lowest fees in the world.

“The average commission in France is around 6%, which compared with the UK market sounds astronomical,” said Alice Watson-Smith, MD of Fine & Country French Riviera.

Speaking to Iain McKenzie, CEO of The Guild of Property Professionals, in the latest episode of The Home Stretch podcast, she added: “In relation to all the other countries we work with as a brand, the UK has one of the lowest commission rates in the world.

“In South Africa it is around 7%, whereas in Portugal, Spain, Hong Kong and Australia, it is all around 5% to 7%.”

Many industry leaders agree that estate gents across the UK are being underpaid for the job they do.

Watch the roundtable discussion that took place earlier this year – many of the challenges discussed are still relevant in the current climate.

 

 





Source link

Share30Tweet19
Previous Post

Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 report

Next Post

Hunters’ first franchised office under new ownership – London Wallet

Mark Helprin

Mark Helprin

Recommended For You

Bank of England deputy governor warns of climate risks to commercial assets | Property Week
Real Estate

Bank of England deputy governor warns of climate risks to commercial assets | Property Week

July 11, 2025
Dandara and MKDP get go-ahead for 174 Milton Keynes homes | Property Week
Real Estate

Dandara and MKDP get go-ahead for 174 Milton Keynes homes | Property Week

July 11, 2025
Indian energy giant EET buys Thornton Science Park from University of Cheshire | Property Week
Real Estate

Indian energy giant EET buys Thornton Science Park from University of Cheshire | Property Week

July 11, 2025
Rayner’s affordable target falls 56,000 homes short of 2014-2024 output, says Make NW | Property Week
Real Estate

Rayner’s affordable target falls 56,000 homes short of 2014-2024 output, says Make NW | Property Week

July 11, 2025
Next Post
Hunters’ first franchised office under new ownership – London Wallet

Hunters' first franchised office under new ownership - London Wallet

Related News

Moscow threatens Trump with a ‘JFK-style assassination’ if he tries to end the war – London Business News | London Wallet

Moscow threatens Trump with a ‘JFK-style assassination’ if he tries to end the war – London Business News | London Wallet

November 5, 2024
Analysts eye Bitcoin miners’ AI, chip sales ahead of Q4 earnings

Analysts eye Bitcoin miners’ AI, chip sales ahead of Q4 earnings

February 24, 2025
Four agents expelled from The Property Ombudsman scheme – London Wallet

Four agents expelled from The Property Ombudsman scheme – London Wallet

April 1, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?