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

Our predictions for the property market in the second half of 2026

Allison Thompson, Chief Lettings Officer, Leaders part of LRG. There is a lot going on right now that’s impacting the property market, both in terms of direct legislation and the wider economy: Global conflicts affecting consumer confidence and interest rates Ongoing cost of living issues challenging affordability for homeowners and renters The recent introduction of…
Read More →
Breaking News

Breaking Property News 14/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   REVIEW: The Future of Real Estate Education: From Pedagogy to Technology Author Mr. Hugh Kelly, Ph.D., CRE Emeritus   Edited by Karen M. McGrath, Elaine M. Worzala, and Pernille H. Christensen. (Routledge, New York and London, 2026). 330 pp. ISBN 9781032625041. Paperback $70.99; hardcover $170.00; ebook…
Read More →
Breaking News

Why 2026 is redefining responsibility in the private rented sector

The landlord rulebook has changed  Insurance experts warn that understanding where landlord obligations end and tenant responsibilities begin has never been more important, following the biggest legislative shake-up of the rental market in a generation. The implementation of the Renters’ Rights Act on 1st May 2026 has transformed the relationship between landlords and tenants, introducing…
Read More →
Breaking News

Mortgage demand slowed in Q2

Mortgage demand softened as anticipated in the second quarter due to affordability pressures exacerbated by rising borrowing costs, Stonebridge reveals today. However, mortgage rates remain tricky to accurately predict while borrowers face being wrong-footed by renewed clashes in the Gulf, which sent oil prices and inflation expectations higher last week. Stonebridge mortgage and protection network’s…
Read More →
Breaking News

Prime London buyer demand strengthens in Q2

aThe latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that buyer demand across London’s prime property market strengthened during the second quarter of 2026, with overall demand reaching 14.5%. The capital’s family-focused prime neighbourhoods continued to lead the way, with Clapham, Wandsworth, and Chiswick among the strongest performing…
Read More →
Breaking News

Mortgage rates fall at fastest pace in almost two years

Moneyfacts UK Mortgage Trends Treasury Report data reveals fixed mortgage rates have recorded their biggest monthly reductions since October 2024. Product choice rose and the churn of mortgage deals was stable. Fixed mortgage rates dropped for a consecutive month, citing the biggest monthly reductions since October 2024, with the average two- and five-year fixed rates…
Read More →