subject: London - Best Opportunities for Estate Agents [print this page] London - Best Opportunities for Estate Agents
Unfortunately Estate Agents have a pretty bad reputation, and often for good reason.To use a bit of a clich, one bad apple spoils the cart.Whilst it may not be the job title of choice for many, the good news is that the good ones are a highly valued commodity and leading agents will fight to secure them. There simply aren't enough quality operators around to satisfy fairly insatiable demand from the top operators in London.
The property recruitment industry is seeing something of a talent-vacuum' in the best second tier markets. With almost everybody in the market striving to land a seat within the high-end or prime' market leaders, only the very talented make it right to the top of the food chain. As a result, this creates opportunities for high earning Estate Agents to capitalize upon filling the voids that are created as a result.
In reality, many of the agents applying for these positions will never be hired, regardless of their amount of experience, due to a lack of natural fit or affiliation to the hiring brand, or target marketplace.The property recruitment industry also suffers from higher than average attrition levels whereby often good people, with great futures ahead of them leave to do different things for a whole plethora of reasons. The result of which means there simply isn't the availability of desirable people within the market to satisfy demand.
The message is simple. If you love Estate Agency and want to reach the pinnacle of the market come to London if you're not already here.The opportunities are on a different level altogether to what is typically achievable outside of London.
The reasons for such higher earning potential are numerous, but simple enough to appreciate property values are significantly higher, as are the fees that agents typically charge in London. Transaction volumes are higher again, and the average length of ownership tends to be shorter which means higher churn. The markets also tend to be less affected by negative forces due to London's status as a global city of choice.Deals tend to be concluded in quicker time, as many buyers don't require mortgages and chains tend to be shorter all of this has to be good news for the ambitious agent.
This type of career path is ideal as in truth, the hours aren't too taxing, you're not tied to a desk, and the businesses tend to be run as meritocracies. For people who come out of University with a 2:2 and no clear idea of what they want to do, working in Estate Agency is a great career move to consider. The message is simple, if you're an agent, dealing with affluent people, but not being rewarded financially, or if you're searching for greater opportunities, consider coming to London. There are huge opportunities for good agents in London.Career progression can be rapid and the market is crying out for good people!
