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…
Read MoreLaughter 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…
Read MoreLettings agency sector will consolidate into a handful of players in ten years
Prediction is made by industry business acquisitions expert Adam Walker, who says he has seen huge surge during Covid. Lettings agency business acquisitions expert Adam Walker has predicted that the sector will eventually go the way of supermarkets during the 1970s and consolidate into a handful of major players. Speaking with The Negotiator for a…
Read MoreWhy CGT Rates Are Still Likely To Increase
In the last week before the budget we completed on the sale of more businesses than we usually complete in six months. The sales that have been reported are just the tip of the iceberg as many buyers prefer not to make announcements and other sales were between business partners. Why the rush? Well, business owners were…
Read MoreWhy big is sometimes good
It seems that almost every time another one of our business sales is announced, there is a cacophony of comments on the trade portals about why big businesses are bad and small businesses are good. On the residential sales side, this may actually be true. There are still a lot of independently owned residential sales…
Read MoreThe 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…
Read MoreWhy buying a letting book makes sense
Several of our big business sales have been announced over the last few weeks and the trolls have been busy slagging off the buyers. Their view is that the buyers have paid far too much money for what they have bought and that they will never get it back because the landlords will all leave…
Read MoreDon’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…
Read MoreWhat 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…
Read MoreWhy Buying a Letting Book Makes Sense
Several of our big business sales have been announced over the last few weeks and the trolls have been busy slagging off the buyers. Their view is that the buyers have paid far too much money for what they have bought and that they will never get it back because the landlords will all leave…
Read More