Property Industry

Business Strategies

How my predictions on agency and PropTech from recent years have come true

Being able to read the room and put the right actions in place to generate the right results all year round is crucial for agents, so it pays to have some foresight into what might happen in the future so you can plan accordingly.

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Automation

How automation has changed the world and can change agency as well

Throughout the years, various companies and individuals have integrated automation with their day-to-day lives in or order to help improve the way their business functions and the productivity of tasks. Automation involves minimising human input and applying technology to drive efficiency – particularly in tasks that are laborious and time-consuming. This is often done to produce and deliver both goods and services. An example of an automated innovation that changed the world is the arrival of the Automated Teller Machine (more commonly known as ATMs), with Barclays bank the first to install an ATM anywhere in the world in 1967, meaning people no longer had to rely on tellers at banks – which typically closed mid-afternoon – to access their cash. Such technology was the pre-cursor to the machines we now see in coach, bus and train stations, and airports too, as well as supermarkets and certain fast-food chains in …

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Automation

How automation can help smooth over the end of the stamp duty holiday

As the stamp duty holiday on concessionary bandings finally draws to a close on September 30 2021, many across the UK hoping to make use of the discount rush to finalise their home purchases. The surge in demand must be accompanied by automation of tasks and transactions, linked to a seamless communications system, to make the process smoother, more efficient and faster. The tax reduction has contributed to the bounce-back of the UK housing market, making purchasing a property more attainable, but as it ends transactions are expected to decrease in the short-term as some of the incentive to buy and sell is lost. The stamp duty holiday effect Since its inception in July 2020, hundreds of thousands of home movers living in the UK have benefited from the stamp duty holiday. Initially, it was capped at £500,000, then reduced to £250,000. September 30 2021 marks the final end of …

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Estate Agent Tips

Profit Or Loss?

Whatever industry you’re in, making a profit or loss is a crucial aspect of keeping your business afloat, as well as a potential factor in the growth of your company. We appreciate that making a profit can be extremely difficult at this competitive time and we urge letting agents and landlords to follow our simple advice when it comes to profit. Establish Your USP Establishing your USP as a property professional is key. It’s important to think outside the box when creating your USP, be creative and establish a brand people can identify with, as this can decide whether your agency fails or continues to thrive in the market. Make your agency more than a business than rent’s houses to tenants, give them a reason to use your services by offering them something no other agent can offer, such as a reward scheme or a personalised lettings approach. Research Your …

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Prop Tech

VTUK Round Table: Online Vs High Street Agents

On 3rd July 2014, a selection of high street and online estate agency representatives gathered to debate their respective business models at a Round Table held by award winning property software provider, VTUK and chaired by Property Industry Eye editor, Rosalind Renshaw. The debate begun with a question to the online agents on why they think their services are better than that of traditional agency. Adam Day of Hatched.co.uk was the first to answer, saying that the no sale, no fee model leads to vendors who are not serious about selling their house, and highlighted that people expect to have an online experience – “we have a fully automated back-end system which most high street agents simply don’t have.” Russell Quirk of eMoov, added: “We’re an online agency that acts in a traditional way. The public perception is that traditional agency service levels are poor, and the service needs to …

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