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Estate agents are taking over London’s high streets (big surprise)

Posted at 8:00 am, April 10, 2015 in Property

*Picture does not show actual estate agent.

It’s impossible not to notice the hordes of estate agents lining London’s high streets. Now figures have confirmed that those pesky purveyors of houses, flats and dingy cupboards really are dominating the city. 

HouseSimple reports that there are more than 2,600 estate agents in London, with an average 83 branches in each borough. (It’s no surprise ‘estate agent’ was a genuinely scary hallowe’en fancy dress option last year.)

The survey found that Westminster was champion borough with 153 branches on its streets, closely followed by Tower Hamlets with 131.

All these agents made a total sum of £1.1 billion in fees last year, that’s 23 percent more than in 2014. Estate agents in Kensington and Chelsea were the highest earners, making £73 million in fees. No surprise there.

Alex Gosling, chief executive of HouseSimple, said: ‘While small independent retailers are being pushed out by rising rents, estate agents are securing the best spots on the high street and filling their pockets.’

Good news guys.

Read more rants about estate agents

21 things letting agents say and what they really mean

Five terrible estate agent photos

16 of the weirdest properties advertised in London

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