One of the industry’s highest profile figures has suggested the Coronavirus crisis could trigger many more agents becoming self-employed. Nicky Stevenson – well known as former managing director of the Property Academy and now on the management team at Fine & Country – says the recent trend of agents moving… Read More »Virus crisis will drive more agents to become self-employed – claim
Over the last two weeks we’ve seen the country come to a standstill and the property market effectively put on ice until we are out of lockdown. The next few months are going to be incredibly difficult for everyone, but it is vital that agents take this time to start… Read More »Planning for post-lockdown – how to hit the ground running
Some 2,500 estate agency branches have expressed an interest in a new portal, Homesearch, launching next month. Although the Homesearch website lists the branches as having “joined” the new portal, a statement from the two founders refers to the branches as having “signed up to register their interest and follow… Read More »Rightmove on the ropes? 2,500 branches interested in new portal
One of the industry’s leading automated valuation services says it’s running at approaching 1,000 leads a day for agents even during the lockdown. The ValPal Network – which has some 800 brands and 4,000 agency offices amongst its members – says it recorded over 49,000 leads in March despite the social… Read More »Automated Valuation leads to agents staying strong, says supplier
A leading human resources expert predicts that agents who are poorly treated by their employers now will wreak revenge and move elsewhere when the virus subsides. Recruitment guru Anthony Hesse, managing director of Property Personnel, says that when some form of normality returns “Those who have been treated poorly by… Read More »Poorly-treated agents will change firms after the virus – forecast
Two auctions held behind closed doors have been deemed a success, and evidence that the property market can still function despite the lockdown. Savills has held its first ever remote-bidding-only auction, run by a single auctioneer supported by almost 30 staff working remotely connected using technology. Over the course of… Read More »Auction success shows property sector can still thrive – claim
One of London’s most experienced estate agents says there has been a very significant surge in foreclosure sales in part of the capital’s housing market – even before the Coronavirus outbreak began. Marc Schneiderman is the director of Arlington Residential, an independent agency that offers sales and lettings at the… Read More »Big surge in distress sales even before virus – top agent
Two property portals insist they’re going to launch this spring despite the Coronavirus chaos effectively closing down much of the housing market. OpenBrix has been 18 months in the making and says it’s finally launching at an unspecified date in early April. It says it’s seeking to address what it… Read More »Two new portals set to launch despite Coronavirus chaos
The latest research by Deposit Replacement Scheme, Ome, has found that the impact of the Coronavirus could cost buy to let landlords nearly £14.9bn should tenants be unable to pay rent during the three month support period announced by the government yesterday. Last night the government announced that they would… Read More »Coronavirus outbreak could cost the buy to let sector £14.9bn in three short months
Leading lettings and sales agent, Benham and Reeves, has released the latest of its very own quarterly house price index based on data from the top four existing indices, looking at where the average house price sits and how the gap between buyer and seller expectation and actual sales has… Read More »House price gap between sellers and buyers reduces
