I have been an Estate Agent for 11 years and this is the quietest I've even known.
Scares the fook out of me!
Unless the decent mortgages come back it only going to get worst. There are just no first time buyers out there! or investors or rent to buy... nothing!
I have had vendors reduce the prices of about 15 houses in the couple of weeks, prices have deffo fallen and its really hard getting vendors to understand this especially when every agent in town is absolutely desperate for business and are saying what ever they can to get a foot in the door.. tough times! esp for the Negotiators that are on low basic and high commission, they must be earning fook all at the moment with no decent pipe line either.. even the solicitors are begging for business at the moment..