Ladies and gentlemen of the UK Estate Agency, fasten your seatbelts for a thrilling discussion on the current state of the UK property market!
Recorded on Thursday, the 6th of July 2023, myself with the ICG bring you a gathering of industry giants ready to shed light on the eye-catching and perplexing trends that are defining the estate agency landscape in Summer 2023.
Amidst the ever-watchful doommongers predicting the end of the world, the UK property market is proving to be more resilient than expected. Nevertheless, it's undoubtedly a tougher game than it was six or twelve months ago. Diving into the statistics, we find a fascinating three-layered market dynamic: the bottom quarter and upper quartile appear to be performing reasonably well, but it's the sticky middle market with substantial mortgages and interest rate rises that presents challenges.
As the stats reveal a gradual rise in fall-through rates, now at around 28% to 30%, it becomes crucial for estate agents to adapt their strategies. In this video, we're joined by some of the most influential figures in the UK estate agency industry to share their expertise and insights.
First on our panel is the esteemed Lee Wainwright, the mastermind behind Focal Agent, known for exceptional outsourcing services. Alongside his impressive stint at Countrywide and being the former National Boss of Purplebricks, Lee's wealth of knowledge in estate agency is unmatched.
Next up, we have Ed Mead, a force to be reckoned with during his time at Douglas and Gordon. Now, at the helm of Viewber, specialising in outsourcing viewing systems for numerous firms, Ed is ready to impart invaluable wisdom gained from his vast experience.
And last but not least, the remarkable Iain White, once a prominent figure at Romans and now a mover and shaker in the industry, offering invaluable advice and guidance to top estate agencies.
Our discussion will revolve around the challenges agents face in the current market climate.
With an increasing workload and a need to staff up, all while income lags behind costs, the strategies to attract and retain buyers have never been more critical.
As we explore this new buyer's market reminiscent of the 2008/2009 era, our esteemed panelists will delve into the opportunities it presents for seasoned agents to differentiate their services from competitors. The tides are changing, and estate agents must steer their ships in a new direction to thrive in this dynamic landscape.
Stay tuned as we uncover the secrets to success, and learn how to navigate the property market storm with these expert insights. Don't miss out on the chance to gain a competitive edge in today's challenging estate agency world!
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