A number of the bigger agents of gone...........lets think of them all.....not just parador and superior. Viva Estates have shut there doors, Interealty were one of the first to go. Ocean Estates followed and it is reported that Livingstone and ADH are also in trouble.
The main reason............not necessarily the supposed credit crunch (which is just a marketing ploy from the banks)........these agents all cleaned up in the good times in 2001-2004, but unfortunately were too short sighted to move with times and thought their huge marketing campaigns would keep them going. Most continued doing every exhibition under the sun through 2005-2007, spending rediculous amounts of money without the returns and focussed mainly on the UK market. Really think they deserved to close!!!
The successful agents that are still functioning today and doing ok even in a resession market, have looked well beyond exhibitions and glossy magazines, expanded their focus and those working in Spain have learnt spanish and focussed on the local market!.......these guys deserve to still be here and my predicition is that these agents will ride the rough times and will come out the other side laughing at the "big boys" that all fell when the going got just a bit too tough!!
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