Let the good times roll
In the 1980s, there was a severe outbreak of 'Estate Agents Syndrome' (EAS). This is the condition w...
In the 1980s, there was a severe outbreak of 'Estate Agents Syndrome' (EAS). This is the condition whereby financial institutions follow each other like lemmings, making moves that could end up altering the landscape of a market.
At the time, Lloyds TSB Bank started buying up small estate agents, mainly to tap into the housing market and secure distribution for its mortgage-related products. This move started a frenzy of activity from other financial institutions, such as banks, building
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