Can your Estate Agency survive future Lock Downs?

October 19, 2020
Estate Agency during covid19

Following the latest news coming out from Wales today where another lock down will be happening, have you put in to practice enough survival techniques should governments and leaders enforce further stop starting of business?

“Wales announced a ‘circuit breaker’ lockdown today – with bars, restaurants and non-essential shops facing being closed down for two weeks.” DailyMail website

Many will sit on the fence to what exactly is happening with the government with regards to how they are dealing with covid-19 and then many will sit firmly either side of the fence with strong supportive views and the other side disbelieving the whole situation as merely a test from the government to see what control measures can be enforced.

If you are pro or against, the most important thing for any estate and letting agency is how the current situation effects business. Will this mean less activity from buyers / sellers / renters? Will it mean working remotely? Will it mean having to drastically change your whole business practice? All these are time and cost thirsty and will have an impact if one survives or not.

Not looking at doom and gloom as maybe vaccines will be ready soon and lock-downs merely an era to look back at and learn from, though currently many fear it is a new way of life ahead and if so, are you fully prepared?

I have heard from estate agents that a simple few extra #proptech solutions added to their working days has meant they can carry on as nearly a 100% virtual office when needed and as long as the public do not lose faith in property then the road ahead is quite comfortable.

Are you prepared for closed doors for your high street estate agency? Are you prepared for accompanied virtual viewings such as from Giraffe 360? Does this whole situation simply play in to the hands of property portals and hungry giants like Rightmove? Does this mean many agents will fail and fall by the wayside opening the door for younger generations, with innovation a way of life to them, to enter the industry?

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Interest rates matter, but asking price is still what sells a home

Homes priced right first time find a buyer in around five weeks, while overpriced homes take three months longer, and new LRG research shows what buyers are looking for. The Bank of England’s latest decision to hold interest rates is welcome news for buyers and sellers, providing greater stability and confidence for those considering a…
Read More →
Tips when buying at property auctions
Breaking News

Three-bedroom homes dominate Britain’s quick-sale market

The latest industry insight from the House Buyer Bureau reveals that the East and West Midlands are Britain’s quick sale hotspots, with three-bedroom homes proving the most common property type when it comes to quick-sale activity. House Buyer Bureau’s internal data* shows that in 2025 the company had contact with, and made a firm offer…
Read More →
Breaking News

£3bn tenant deposit shake-up on the cards

Tenant deposit money could be affected by plans to abolish insured deposit schemes   The latest research from The Letting Partnership has revealed that more than £3bn worth of tenant deposits are currently protected via insured tenancy deposit schemes across England and Wales, highlighting the scale of the transition facing the lettings sector should the…
Read More →
Breaking News

Brexit housing market winners and losers

England can’t keep pace with the other home nations And the south of England falls well behind the north   The latest research from Yopa has revealed a stark regional divide in house price growth since the Brexit referendum (June 23rd 2016), with Northern Ireland, Wales, Scotland and northern England recording some of the strongest…
Read More →
Breaking News

The Rental Market is Rebalancing

But 78% of Tenants Still Can’t Find What They’re Looking For Nine in ten landlords believe the balance of power in the rental market has shifted in favour of tenants over the last two years – yet a quarter of tenants still feel landlords hold the upper hand, according to new research from LRG. The…
Read More →
Letting Agent Talk

Dispelling the top five biggest letting agent myths

Sophie Danes, Group Director of Property Management, Lomond   This year has seen the introduction of the seismic Renters’ Rights Act (RRA) as well as other changes affecting the private rented sector (PRS) coming into force, such as the rollout of Making Tax Digital (MTD). As a result, more than ever before, there is a lot of information and speculation surrounding the sector making…
Read More →