Cashflow crisis likely for agents later this year – warning
Estate agents are likely to get through the next five to six months even if the market falls away – but November is most likely the critical month.
Estate agents are likely to get through the next five to six months even if the market falls away – but November is most likely the critical month.
Data released this morning by Rightmove suggests that agents in England have agreed no fewer than 40,000 sales since the market reopened little more than four weeks ago.
The housing market in Northern Ireland is resuming on Monday after its lockdown because of the Coronavirus crisis.
Today is one month since the government lifted restrictions on agents and the housing market – and since that time the largest increase in business has been for mortgages.
Rupert and Annabel Wakley – both long-time stalwarts of Knight Frank’s country department – have moved over to the rival Jackson-Stops agency.
The number of full property details viewed on Rightmove – a key indicator of market health – is already stronger than a year ago.
A series of polls taken by Estate Agent Today suggest substantial numbers of agents remain uncomfortable about returning to trading even with safety measures in place.
There’s been a very significant increase in the number of listings carrying virtual viewings, accelerating during the period of the Coronavirus crisis and lockdown.
High end London agency Beauchamp Estates has been selected to join the Bank of England’s advisory panel of companies and senior directors, and to provide property sector data to assist with economic forecasting.
A food packaging manufacturer is re-shaping its production line to make PPE equipment which it is selling to estate and letting agents, amongst others.