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

Home and Living

Signs of Outdated Wiring in Older Tulsa-Area Homes

Tulsa has a lot of beautiful older homes. Brookside bungalows, Maple Ridge tudors, the postwar neighborhoods that fill out Midtown and East Tulsa. They were built well, but most were built before central air, before microwaves, before two-car households with two laptops and a dozen phone chargers. The electrical systems inside them were designed for…
Read More →
LIVING BY THE SEASIDE 2022
Breaking News

Britain’s seaside price hotspots revealed

New analysis from the UK’s largest property platform Rightmove reveals Britain’s seaside hotspots where prices are rising the fastest Bootle in Merseyside leads the way, with average asking prices up 11% year-on-year, followed by Crosby in Liverpool (+9%) and Penarth in South Glamorgan (+9%) Other coastal locations including Llantwit Major in South Glamorgan (+8%) and Llanelli, in Carmarthenshire (+7%) are also seeing strong price growth Average asking prices are currently 0.3% lower in Great Britain compared to last year, with some seaside hotspots outpacing the…
Read More →
Estate Agent Talk

Hertfordshire emerges as strongest performing London commuter county

New research from UK Property Development reveals that while London property prices fell by more than -3% in the past year, prices in some of the capital’s surrounding counties have enjoyed positive growth, none more so than the premium commuter county of Hertfordshire.   In the past year, London’s average house price has fallen by…
Read More →
Estate Agent Talk

Second homes losing appeal among the rich

New Survey Reveals Ongoing Maintenance Is the Biggest Barrier to Second Home Ownership   62% say upkeep and hassle would stop them from buying a second home, even if money were no object   A new survey conducted by luxury co-ownership platform Equity Residences has revealed that the practical realities of owning a second home…
Read More →
Letting Agent Talk

How to build a property portfolio with buy-to-let mortgages

One of the reasons property is such a popular asset choice for investors is that you don’t need to invest all the money yourself; you can leverage funds from the bank. Here’s a very simplistic example of how borrowing via a buy-to-let (BTL) mortgage allows you to multiply your returns versus owning a property all-cash:…
Read More →
Home and Living

2026’s Fastest-Growing Bathroom Trend Is the Wet Room

“Wet rooms have become one of the standout bathroom upgrades of 2026, moving from luxury extra to everyday renovation choice as more homeowners prioritise space, style and easy cleaning. The momentum is only building as spa‑style bathrooms stay in demand.” “Wet rooms used to be a niche request,” says Ant Langston, Marketing Manager at Heat…
Read More →