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Harnessing Economic Fragility To Start a Letting Agency
Since the terms ‘credit crunch’ and ‘recession’ became parts of the national vernacular over recent years, anyone keeping a close eye on the fragile economic climate will be aware of the adverse effects that the resultant financial turmoil has had on the property market.
According to recent figures produced by the Financial Services Authority, a lack of consumer confidence, coupled with a lack of lending by the banks, has seen mortgage sales decrease to the lowest they have been since 2005. In real terms, this equates to a 7% decrease in mortgages between the financial years of 2009-2010 and 2010-2011 alone. The gaping hole in the mortgage market is further reflected by the fact that the average age of first time buyers in 2005 was 30.4, whereas now, in 2011, it is 37.7.
Furthermore, the recession has witnessed mass redundancies and a lack of new job creation. Couple this with the burgeoning requirements for rented accommodation and you will readily understand why thousands of professionals and entrepreneurs have pledged to extract the silver linings from the clouds. And decided to BECOME A LETTING AGENT.
By becoming a letting agent, you can kill several birds with one stone. There is undoubtedly the demand for you to supply to. Additionally, with the right guidance and letting agent training, you can comfortably enjoy the job security that currently eludes many people amidst the current climate, and improve your lifestyle with substantial bottom line profits.
Of course, it would be remiss of you to assume that you can set up a letting agency one day, sit back and expect to see the money rolling in the next. Just like the establishing and running of any small business, hard work and dedication is essential in order for you to reap the rewards of your labours. However, the opportunity of becoming a letting agent offers more than a pipe dream and is a realistic solution to the problem of spinning today’s financial austerity sideways.
At Southcourt Property Services, we have unprecedented experience and professionalism in the field of residential lettings dating back to 1989. We are proud to have assisted literally hundreds of self employed professionals in starting a letting agency business of their own.
We achieve this by providing our unique Letting Agency Business Package, which includes a detailed operating manual, all necessary documentation, ongoing support, letting agency software, and a great property website.
For more information please contact us, and we will explain how to take the first steps towards launching a new and highly rewarding business as a letting agent.
Posted: 16 September 2011
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