There are apparently now around 11,000 real estate agents in the UK, which has a population of 60 million odd. That is roughly 5,454 people for each agent. Not bad, but then consider the following:
Land registry data shows only 30,000 odd properties were sold in January 2009 within the UK. That is an average of 2 properties per agent for January and is just 0.05% of the population selling.
Just a bit of fun with stats, but it makes one sit back and think just how dire the market may be and why lettings is an attractive alternative, which of course I don't have the stats for.