Property Professional newsletter
Property Professional took the industry’s temperature on what 2017 and beyond will bring for estate agents. RealNet’s MD Gerhard Kotzé expects agent numbers to decrease over the next couple of years, largely due to retirement, as many of the current top agents are in their late 60s and 70s and young people are not coming into the industry in any great numbers. He also expects an increase in property principal groups, where strong independents form localised alliances to give them purchasing power and enable them to share listings. The knock-on effect could squeeze out smaller operators. Do you agree?

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