The housing market is crucial to the economy

the housing market is crucial to the economy

The national papers and the trade press have been full of articles recently about whether estate agents should still be allowed to stay open during the lockdown. I am firmly of the opinion that they should but with restrictions. The housing market is of huge importance to the economy. The total revenue earned by estate…

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Brexit vote and the resulting downturn in the housing market

Since the Brexit vote and the resulting downturn in the housing market, much of my consultancy work has involved helping clients to reduce costs, says Adam Walker, but we have to avoid chopping the critical elements of the business! When things are going well, it is all too easy to let costs increase and a…

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Are Estate Agents Undervalued?

Are Estate Agents undervalued?

House prices go up and down all the time but usually the fluctuations are quite gentle. In most years, the change is just a few percent up or down. A boom such as we are having right now means a 10% rise and a crash such as the one that followed the 2008/2009 financial crisis…

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What does the future hold for buy-to-let?

What does the future hold for buy-to-let?

The press has been full of doom-laden prophesies again about the future prospects for the buy-to-let market. Speaking both as a landlord and as a former letting agent, I don’t believe any of them. So why do I say this? Well, in short, I believe that whatever the problem is, the market will, given time,…

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The End Of Let-only Contracts?

It is commonly accepted that the property market has survived Covid-19 well but this is not entirely true. The truth is that some sectors of the market have done very much better than others. Residential sales agents have been to hell and back. When the first lockdown was announced last spring, many agents felt that…

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Laughter is the Best Medicine

The pandemic has affected different people in very different ways. Sectors such as hospitality have been hit incredibly hard and many thousands of people have lost everything they own through no fault of their own. Other sectors including estate agents, letting agents and indeed business transfer agents have continued to trade very well and those…

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Don’t kill the golden goose

My marketing agency recently asked me to write to all of our clients to ask them why they had chosen to sell their business at this time. I found their replies to be very surprising. In fact, I found them to be quite disturbing. The main reason that people want to sell their business at…

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What Will Happen to the Market in 2021?

People ask me how I think the housing market will be next year about twenty times a day at the moment so I’m going to break the habit of a lifetime and answer the question. So, here we go. I think the market in 2021 will be similar to the market that we had in…

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Oh for some certainty

Oh for some certainty

At this time of year I am usually busy helping my consultancy clients to prepare their financial targets for next year. But at the moment there is so much uncertainty that this is almost impossible to do. On the lettings side, good managed letting businesses have hardly been affected by the pandemic at all so…

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