Daily bite-sized proptech and real estate news in partnership with Proptech-X. Today, Stanton looks at the changes work from home may bring about, Revolut’s move into payday loans, and Zoopla’s take on the property market


  1. How will working from home stimulate the housing market?
  2. Revolut moves into payday loans territory…with a twist
  3. Zoopla is bullish about the property market, but are they right?


How will working from home stimulate the housing market?

In the August House Price Index report, Tim Bannister, Director of Property Data at Rightmove, made the following comment when talking about the scarcity of inventory to sell:

“We also anticipate that more property will come to market when those owners have more clarity over their employers’ long-term balance of home and office working.

“Their future housing needs are hard to scope out if it’s still uncertain whether the daily commute is soon going to return. If it’s going to be less restrictive in the long term then that means less need to live close to transport networks, and a greater need for home working space.”

With the furlough scheme phasing out and only a fraction of employees returning to the office, will the housing market go into a different phase, especially once the SDLT holiday fully evaporates on the 31st of September?

The key point Bannister makes is that once workers know if working from home is a fad or a reality, there will likely be a shakeup in housing again, with many living in properties not fit for purpose as a home and a place of work.

Will this drive the price of properties down as homeowners and renters search for properties with gardens and lots of reception rooms?

Anecdotally, using the train twice to go into London last week, the lack of people and amount of tumbleweed was obvious, so there does seem to be a definite change of how it will be done in the near future.

A recent survey stated that 71% of respondents wanted to work from home at least part of each week, with 46% wanting it as a permanent right.

Early on in the pandemic, Siemens, the largest manufacturer in Europe, told its workforce that flexible work was in and there was only a need to come to work two days a week. Since then there has been a tsunami of companies following this hybrid model.

The pandemic has also forced digital upon many analogue businesses, not least the legal sector, where legaltech has gone from science fiction to be being embraced by leading legal and consultancy firms.

So if the brakes get slammed on and the housing market struggles with the extra £15,000 SDLT burden when purchasing at £500,000 post-September, maybe there will be a counter-movement as the new-look workforce of 2022 looks to move to more appropriate housing for their hybrid work lifestyle.


Revolut moves into payday loans territory…with a twist

In a move that its founder says is designed to help alleviate the stresses caused by payday loans, Revolut has launched its own payday loan that is ‘not a payday loan’.

Nik Storonsky, the founder of Revolut, says he believes “in the importance of making financial wellbeing accessible to all, and this includes focusing on the impact of financial stability on employees’ mental health.”

The way the system works is that the user will need to be a Revolut user, and the employer will also need to be part of the ecosystem so that the client can see the amount of cash they have coming to them at the end of the month.

They can then take a percentage of this amount out, with a £1.50 fee and a 2.5% surcharge, or 0% for the first £100 “borrowed”.

Clearly, it is a re-imagining of the banking system or overdraft facility offered by banks, as Revolut is not a bank, using the employer as the lever to make the capital needed in the equation.


Zoopla is bullish about the property market, but are they right?

Zoopla, the second-largest property portal in the UK, feels that the lack of property on the market will mean that it continues to be a seller’s market.

Their head of research Gráinne Gilmore states: “…higher levels of demand will still be evident, and potential vendors with family houses to sell could be in pole position…the lack of supply, especially for family houses, means the market will start to naturally slow during the rest of this year and into next year.”

If there is a low amount of stock, that means fewer people are looking to move, which is not a good indicator of a healthy market. After the 1988 housing market when two million people bought property in 12 months, there followed four years of very low activity, with little coming to the market unless it was organically generated from the normal hatched, matched, or dispatched driven type of inventory.

Sometimes, housing market sentiment, which so often originates with the traditional property portals, might need to be looked at a little deeper, as they are hardly going to say to their paying clients, the agents, that doom is on the way.

After all, if the amount of stock estate agents list is low and stays static, and property effectively sells itself due to shortage, the argument for listing on portals starts to become moot.

Why not just put up a board and use your CRM to generate a buyer?


If you have a view – please let us all know by emailing me at [email protected] – Andrew Stanton Executive Editor – moving property and proptech forward.

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate. Want to contact me directly regarding one of my articles or maybe you'd like a chat about future articles? Email me via [email protected]

You May Also Enjoy

Letting Agent Talk

How to Be an Awesome Landlord in 2022

Some people may view being a landlord as an easy way to make money, but there’s much more to it if you want to truly excel in this role. The best landlords always go above and beyond to provide comfortable homes for their tenants and make them feel as welcomed as possible. Indeed, to be…
Read More
Property for sale
Estate Agent Talk

Selling Your House? Here’s What You Need To Do

Selling your house is a big decision. It’s not something you do every day or even every year. So, when the time comes to sell, you want to make sure you’re doing it right. That means getting the best possible price for your home and making the process as smooth and stress-free as possible. So,…
Read More
Estate Agent Talk

What Are The Factors To Appreciates The Real Estate Property Prices

Are you planning to sell your home? Are you buying a home? Whatever the scenario is, there are some things that you need to look after. In case you are selling your house, you have to set the price on the basis of those factors, or you need to ensure that all these things are…
Read More
Breaking News


A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   Table of ContentsHide On The Market: Housing market starts to rebalance as remarkable buyer and seller confidence prevails Renting to Students: TDS Poll Confirms Common Issues and Reasons for Disputes in Student Lets LexisNexis and Coadjute partner speeding property market…
Read More
Estate Agent Talk

How can Cash House Buying Agencies thrive in 2022?

Like many other industries in the world, the UK property market is constantly evolving. Industry players therefore need to keep a keen eye on the key markers that define the state of the industry. As 2022 ushers in new changes and realities, industry players like cash house buying agencies need to arm themselves with current…
Read More
composite gates
Home and Living

Composite Garden Fencing / Gates – Pros & Cons

As much as many of us enjoy great relationships with our neighbours, we do also relish privacy between our properties / boundaries. Years ago I remember rows of gardens with no more that a wire fence with wooden posts separating each with some having missing sections and even those totally without. Many neighbours would have…
Read More