MOVING HOUSES - THE GEOGRAPHICAL REORGANIZATION OF THE ESTATE AGENCY INDUSTRY IN ENGLAND AND WALES IN THE 1980S

被引:14
作者
BEAVERSTOCK, J
LEYSHON, A
RUTHERFORD, T
THRIFT, N
WILLIAMS, P
机构
[1] UNIV HULL,SCH GEOG & EARTH RESOURCES,HULL HU6 7RX,N HUMBERSIDE,ENGLAND
[2] UNIV WATERLOO,DEPT GEOG,WATERLOO N2L 3G1,ONTARIO,CANADA
[3] UNIV BRISTOL,DEPT GEOG,BRISTOL BS8 1SS,ENGLAND
[4] UNIV WALES COLL CARDIFF,DEPT CITY & REG PLANNING,CTR HOUSING MANAGEMENT & DEV,CARDIFF CF1 3YN,WALES
关键词
ESTATE AGENCY; FINANCIAL INSTITUTIONS; CAPITAL CENTRALIZATION;
D O I
10.2307/622544
中图分类号
P9 [自然地理学]; K9 [地理];
学科分类号
0705 ; 070501 ;
摘要
The estate agency industry in England and Wales underwent a marked restructuring during the 1980s. An industry formerly dominated by small, locally-integrated firms was invaded by large financial institutions, which through extensive merger and acquisition activity proceeded to build national estate agency divisions. The entry of financial institutions into the estate agency industry can be linked to the pursuit of strategies of vertical and horizontal integration, with financial institutions using estate agency offices as distribution networks for the 'origination' of mortgage debt and the sale of financial products. The problems encountered by the new estate agency divisions after 1988 are attributed largely to the downturn in the housing market, although the difficulty of capturing the local knowledge utilized within the estate agency business is also seen to be an important contributory factor.
引用
收藏
页码:166 / 182
页数:17
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