The house buying specialist analysed the latest findings from Zoopla’s ‘State of the Property Nation 2018’ report, which surveyed 660 estate and letting agents to identify their biggest challenges.
- Is the UK property market still seen as investable?
- Construction industry 'seriously affected' by Brexit uncertainty
- Sadiq Khan pledges £200m to protect affordable homebuilding
Other key findings from the report included:
- 51% felt pressured to lower the fees they charged for their services
- 43% thought the time taken from offer to completion was too long
- 49% believed that there was a lack of housing stock to satisfy the growing demand from potential buyers and renters
- only 21% were worried about the increased high street competition from other rival agents
- 30% viewed the housing market as having an insufficient number of serious buyers and renters
- 64% were conscious that properties deemed energy inefficient could face potentially heavy fines as punishment for not meeting set standards
- just 17% were aware of changes in legislation regarding banning orders
“For many, estate and letting agents are a focal point of contact in their quest to the find the right property to buy or rent,” said Robby Du Toit, managing director at Sellhousefast.uk.
“Given the apparent benefits of using housing agents, this research highlights the biggest challenges they face from their own perspective, with the unpredictable economic and political landscape post-Brexit, perhaps unsurprisingly ranking as their top concern.
“Similarly, with some major changes in legislation occurring within the housing industry, it provides a fascinating insight into how aware estate and letting agents are of them.”