In this Christmas Special episode of the Estate Agent Showdown, Matt engages in a lively discussion with industry titans about the recent budget's impact on the housing market, the challenges facing landlords, and the ongoing race to the bottom in estate agency fees. With guests including Ian McKenzie from the Guild, property PR expert Russell Quirk,Yopa CEO Verona Frankish and founder of Kerfuffle Simon Whale, the conversation delves into the complexities of the property market, the influence of politics, and the necessity for agents to justify their value in a competitive landscape.

Key Takeaways

Impact of Budget on Housing Market: The recent budget has been perceived as negative for the housing market, with concerns about the government's approach to economic management and its effects on property transactions and sentiment.

Landlord Challenges: Landlords are facing increased taxation and regulatory pressures, which could lead to higher rents for tenants and further strain the private rental sector, especially in light of the ongoing cost of living crisis.

Market Resilience: Despite economic uncertainties, there is a belief that the housing market remains resilient, particularly for properties under £1 million, while the higher-end market is struggling due to excessive taxation and regulatory burdens.

Agent Fees and Value Perception: There is a consensus that many estate agents are undercharging and failing to justify their fees, leading to a race to the bottom in pricing. Agents need to better communicate their value to clients to avoid this trend.

Rightmove's Increasing Costs: The rising fees charged by Rightmove are not seen as justified by many in the industry, as the value provided does not seem to match the increasing costs, leading to dissatisfaction among estate agents.

Social Links

YouTube: https://www.youtube.com/@mattgiggs

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Linkedin: https://www.linkedin.com/in/mattgiggs/

Matt Giggs is a visionary property professional, industry leader, and the dynamic host of the Estate Agent Showdown Podcast. With 30 years of hands-on experience in real estate, Matt has built, grown, and inspired countless estate agents and businesses to reach new heights. Known for his no-nonsense approach and deep industry insights, he brings a fresh perspective to every episode, sparking candid conversations with top experts on the biggest challenges and opportunities in estate agency. Whether dissecting market trends or uncovering game-changing strategies, Matt’s passion for the industry and commitment to elevating professionals make him a must-listen voice in real estate.

This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/