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

Beach hut values fall for second consecutive year

The latest research from Yopa has found that beach hut prices have fallen for the second consecutive year across the UK’s most sought-after coastal locations, as the extraordinary growth seen in the years immediately following the pandemic continues to unwind. Yopa analysed the average asking price of beach huts across eight of the UK’s most…
Read More →
Breaking News

Burnham’s property and land tax: what would it mean for property owners?

With reports suggesting that property and land taxes could be on the cards under Burnham,  Simon Gerrard, Chairman of Martyn Gerrard Estate Agents, comments on what these proposals could mean for homeowners, particularly those in London who are likely to bear the brunt of any changes, given the capital’s significantly higher property values.   On uncertainty:…
Read More →
Property for sale
Breaking News

Homebuyers can save up to 47% by looking next door to the UK’s priciest postcodes

New research reveals how much less buyers could pay in postcodes neighbouring the UK’s most expensive locations Homes in these neighbouring areas are 28% cheaper on average, with the biggest gap reaching 47% in the North East Significant savings also seen in London, Scotland, Wales and Northern Ireland   Homebuyers could save up to 47%…
Read More →
Finance

Your First-Time Buyer Mortgage Journey

Introduction Buying your first home is one of the biggest financial decisions you’ll ever make, and the mortgage process can feel like a maze of unfamiliar terms, forms and waiting. The good news is that mortgages for first-time buyers follow broadly the same path, and once you understand the stages involved, the process becomes far…
Read More →
Breaking News

London property values set to fall

The latest market analysis from House Buyer Bureau has found that London is now the only region of Britain where house prices continue to trend downwards, with the average home in the capital forecast to lose almost another £5,000 in value before the end of the year should current market conditions persist. House Buyer Bureau…
Read More →
Breaking News

London property values set to fall

The latest market analysis from House Buyer Bureau has found that London is now the only region of Britain where house prices continue to trend downwards, with the average home in the capital forecast to lose almost another £5,000 in value before the end of the year should current market conditions persist. House Buyer Bureau analysed…
Read More →