Further lock-downs to effect Estate Agency Industry?

August 4, 2020

There is certainly a growing fear that the country could see further lock-down effecting regions throughout. Recently Leicester had a delay in it’s release from lock-down and now fears of Northern parts of England seeing restrictions in place. So, what about the property market?

The main lock-down we all suffered between April and June 2020 effected the country has a whole and the pause of the Estate Agency world and sales of property, though hard hitting to many agencies, has seemed to have passed relatively mildly. Possibly the effect of stamp duty holiday has helped, though it is always a confident bet that the housing market will remain robust and in most cases increase in value over declining.

Even though it has been announced that the property industry will still be able to carry on as normal as possible if lock-downs occur in Northern England, can the housing market manage to keep its feet if there is a continued fear that it may be paused at any moment and become a stop start industry?

The housing market is currently showing positive figures despite on-going difficulties with viewings for consumers and working conditions for industry staff. Many agents are restricting viewings to those who express serious interest and / or are in a position to act (maybe this is a good thing anyway). Holidays of full payments, such as Rightmove, are/have ended and many furloughs are fading.

More good news for agents will be the easing of planning department criteria with many new housing applications to see green lights.

Can the property market really deal with working through covid-19 and lock-downs or will it diversify itself enough, embrace more proptech, and be able to evolve?

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

Letting Agent Talk

The Hidden Cost of Deposit Disputes for Letting Agents

Nobody gets into lettings because they love arguing over oven grease. Yet for a growing number of letting agents across London and beyond, deposit disputes at the end of a tenancy have become one of the most quietly destructive parts of the job — eating into time, draining morale, and slowly eroding the trust that…
Read More →
Breaking News

Britain’s strongest housing markets revealed

The latest research from Benham and Reeves reveals the best-performing housing markets across Great Britain when it comes to the average rate of house price growth seen over the course of 2025, with the northern regions and Scotland outperforming most of the rest of the country with annual price growth of up to 11%. Last…
Read More →
Rightmove logo
Breaking News

Over £900 million economic opportunity lost to property fall throughs

Analysis from the UK’s largest property platform Rightmove reveals there is an economic opportunity of over £900 million in England if the number of property transactions falling through can be reduced The calculations show that nearly £392m in potential estate agency revenue and £515m in potential government stamp duty receipts were lost last year to…
Read More →
Breaking News

Landlords chasing rental arrears of £470m

The latest research from Propoly – the platform that automates compliance, reduces risk and protects landlords – has revealed that landlords in England deal with more than £470 million worth of rent arrears in a year, with the largest number of tenants in arrears found in London and the North East. Propoly has analysed the…
Read More →
Estate Agent Talk

Building Buyer Trust Through Architectural Visualization in Real Estate Marketing

In real estate marketing, trust is not a soft value. It is a transaction driver. Buyers commit to years of financial exposure based on how credible a project feels long before it is built. That credibility is no longer shaped by brochures alone. Today, developers often work with a rendering agency to construct a visual…
Read More →
Crowded beaches - Clacton-on-Sea in Essex
Breaking News

£84.2bn in internationally owned homes across England

The latest market analysis by Jefferies London has found that the current market value of foreign-owned homes across England stands at an estimated £84.2bn, with London accounting for £43.9bn, the largest share of any region. Jefferies London analysed estimates of foreign homeownership across England, alongside average house price data, to calculate the estimated total market…
Read More →