Market sentiment improves55% of agents optimistic for 202052% expect stock supplies to start meeting demand40% are diversifying services to bolster revenuesZoopla’s rather grandiosely-named report says that agent confidence in the market has reached a three-year high, having surveyed 6,000 people and 650 agents across the UK.It found that agents’ confidence levels are up, with 55% feeling ‘very confident’ or ‘somewhat confident’ in the strength of the market during the next year after a three-year consecutive decline in agent confidence, down from 79% in 2016 to 51% in 2018 – from the last market peak to the tangible slowdown that has characterised the market in recent years against a backdrop of protracted political uncertainty.Agents in the north are registering the highest levels of confidence in market performance for 2020 at 57%, while agents in the south come in at 53% – up from 46% recorded 12 months prior.Over half of agents (52%) expect to see an increase in the supply of stock coming onto the market over the next 12-18 months – a net increase of 20% since 2017. 45% of agents believe that there will be an increase in the number of property transactions that take place across the year ahead.Diversification of revenue54% of agents expect to derive increased income from property management fees, 50% from property sales and 45% from lettings fees in 2020.The report also signals that agents will continue to benefit from diversifying their revenue streams and that securing relationships with third party suppliers bolsters the core business proposition. 43% of agents believe that there is scope to increase earnings by recommending mortgage lenders or brokers, and 42% by recommending legal services.Greatest market challengesThe economic and political landscape, as well as current stock levels, were cited as immediate market challenges; however, the ‘Boris Bounce’ may reshape market dynamics.There remains a tangible nervousness around prospective legislative changes, with 47% of agents unclear on the realities of the new government’s housing policy.Meanwhile, lower fees and discord around Stamp Duty penalties are affecting business performance for a third of agents.‘Green shoots’“The annual State of the Property Nation findings bring a compelling insight into all facets of the market,” says Andy Marshall, COO at Zoopla. “The study provides a barometer of agent mindset, and our findings show, on the whole, that agent confidence in the market is on the up for 2020.“It’s little surprise that the so-called ‘Boris Bounce’ has already started to reshape the market in the immediate term – particularly amidst reports of improving consumer confidence following the decisive election outcome.”State of the Property Nation survey market challenges Andy Marshall revenue Sheila Manchester Zoopla January 20, 2020Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Zoopla unveils its annual ‘State of the Property Nation’ survey previous nextHousing MarketZoopla unveils its annual ‘State of the Property Nation’ surveyReport says that agent confidence in the market has reached a three-year high, having surveyed 6,000 people and 650 agents across the UK.Sheila Manchester20th January 20200994 Views
RelatedPosts Fulham keen on Lookman loan deal Super Eagles stars model new national team jersey EPL: Calvert-Lewin treble fires Everton past West Brom Marco Silva has challenged Alex Iwobi to continue providing “high-quality, creativity and goals” as the deadline-day signing aims to build on an impressive start to his Everton career. The 23-year-old forward had scored in each of his first two starts for the Blues, finding the back of the net with accomplished headers in Everton’s 4-2 Carabao Cup victory at Lincoln City and 3-2 Premier League success against Wolverhampton Wanderers. Iwobi’s speed, penetration and intelligent use of the ball had seen him seamlessly slot into manager Silva’s progressive Everton team. And having already showcased his goal-scoring instinct, Silva had backed Iwobi to continue providing decisive contributions in the final third of the pitch. “It is something I will demand from him more and more,” the manager told evertontv. “With the quality he has – I am 100 per cent sure he will give important things for us. “He will give high quality in our attack. He can provide creativity, playing from the left or behind the striker as an offensive midfielder. “And if he can – and I am sure he can – score more goals, it will help the team. “The first time I met with him, it was something I put in his mind [his ability to score goals]. “If you look at our wingers and the players in forward positions, it is something I demand from them. “Richarlison scored many, many goals last season, Theo scored some. “I want more from the other two [Iwobi and Bernard]. “Bernard started the season with a goal in the second game, which was important for him. Alex has done the same thing now.” Iwobi had been in international action for Nigeria this week, starting as his country battled out a 2-2 draw in a friendly match against Ukraine in Dnipro on Tuesday. His attention will now turn to sustaining his fine Everton form, when the Toffees take on Bournemouth at the Vitality Stadium on Sunday (2pm). Everton had scored a total of seven goals in Iwobi’s two starting appearances, and Silva believed the forward’s blend of attributes had added a fresh dimension to the Toffees’ attack. “He has quality in that final decision,” Silva explained. “In our attack, he is a really important player. “He can see the space, he can see the solutions, he can see his teammates in the best position to score. “In those moments he will help us, because in our last decision he will raise the level of our squad.”Tags: alex iwobiEvertonMarco Silva
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Submitted by Town and Country RoofingDeanna Wall of Olympia has been named as winner of a new roof in TOWN & COUNTRY ROOFING’s No Roof Left BehindTM initiative.No Roof Left Behind is a nationwide program that gives folks in the community a way to help their good neighbors that have fallen on hard times. The No Roof Left Behind program provides a local contractor the framework to provide a new roof at no cost to a deserving homeowner in need. Town & Country Roofing was the first in Washington State to join this program.DeeAnna is single, full-time working mother of two children. After hard work she managed to become a homeowner. DeeAnna mentions, “I am very thankful that my family has a place to be together and a place called home .” However, soon after moving in the roof started to have problems and being a single mother, being able to afford a new roof wasn’t a possibility.After hearing the news she had received the most votes and won the new roof giveaway, DeeAnna exclaimed, “We are so excited to have won! It is often hard to reach out and ask for help and I am so happy we did. Through the voting process I was continuously amazed and honored by the amount of support we received through votes and the loving comments that were left by family, friends, and community members. We won because each and every one of you. We are beyond thankful! We also want to say thank you to Town and Country Roofing as well as the No Roof Left Behind Program for the unbelievable gift that my family is so lucky to be receiving.”For more information about Town & Country Roofing, their No Roof Left Behind program and interviews with Ron Shincke, please call 360-704-7663 or visitwww.townandcountryroofingwa.com Facebook6Tweet0Pin0