Loss of sleep for estate agents
September 15, 2008
The state of the mortgage and housing market has been in steady decline in the UK for a number of months. The number of mortgages and the availability of mortgages has dropped dramatically over the months, with fewer and fewer people able to get hold of a mortgage and purchase a property. In addition to this, and partly due to this, the number of property sales has also fallen, and is expected to keep on falling. Other factors that have affected the number of house sales include the threat of house prices continuing to fall, which is putting many potential buyers off due to the increased risk of falling into negative equity.
Many estate agents have been reporting very poor property sale figures, and based on the sharp slowdown in housing transactions many industry officials have predicted that thousands of estate agents could suffer job losses and closure over the course of this year. It is little wonder, therefore, that according to the results of a recent survey estate agents are currently the most sleep deprived professionals, with most getting only a few hours sleep a night as a result of worrying about the current housing situation.
The survey, which was carried out by Travelodge, showed that most estate agents get less then six hours sleep per night. There were also other industry officials that were not far behind. Taxi drivers and lorry drivers were found to be getting just over six hours sleep on average per night, and this may be due to the current pressures that many are facing as a result of rocketing petrol prices, which are affecting the transport industry.
Health officials say that people should get around eight hours sleep per night for maximum effect. One official involved in the research said: “It’s no surprise the professions in the industries worst hit by the credit crunch come top of the charts. We all know that money worries and job security are key drivers of stress which in turn, leads to significant sleep loss.”
Recent Additions:
- Offers on properties being dropped just prior to exchange
- New service launched for consumers looking for mortgage advice
- Increased stability for mortgage product numbers on market
- How are estate agents bearing up to the housing crisis?
- Low fee mortgages from Abbey for those with sizeable deposits
- Many consumers could experience problems with remortgaging Some industry officials have expressed concerns that many people who are hoping to remortgage over the coming months could experience severe difficulties, not only because of the lack of mortgages on the market at present
- July saw biggest house price fall on record According to recent reports from a leading lender the month of July saw the biggest annual house price drop since records began, which was in 1991. House prices for the month fell by 1.7%, which
- Property website reports loss of three hundred estate agents a month The property website Right Move has recently reported that each month around three hundred struggling estate agents are quitting the service, as the housing market continued to decline and the housing slump affects the estate
- September was a bad month for estate agents A recent report has shown that September of last year was the worse month ever for the estate agency industry, with many estate agents failing to sell even one property over that month, as the
- Buyers Being Forced Into Mortgage Loans By Estate Agents A recent study that was carried out by Times Money has suggested that in many cases potential property buyers in the UK are being forced into taking costly mortgage loans through the estate agency that
Comments
One Response to “Loss of sleep for estate agents”
Got something to say?
[...] Loss of sleep for estate agents [...]