Are you all excited, or not sure what’s going to happen?
The on-going Brexit debate has not been helped by Tony Blair sticking his oar in recently, wanting to introduce some sort of wiggle room to avoid the UK leaving the EU, He was dead right about Iraq, wasn’t he?
So, don’t be overly concerned, because it is not surprising if you are still unsure, you are not alone.
However, we at Go Direct Lettings Franchise group do not subscribe to the ongoing political rhetoric, propaganda or confusion, about the doom and despondent future, we are excited with what we believe the future of our industry, has to offer.
Let me explain before I am sent to a quiet room.
One of the biggest on-going issues the UK is facing and has been for many years and will continue to face is the housing shortage. At present, it is estimated that we are about 1.9 million homes short (RICS) with a growing need of about 250,000 new units needed per year just to keep pace with the indigenous demands.
The building industry has voiced its concerns that it cannot meet the demands regardless of how much money the government throw at them, due to many other resource issues outside of their control. Apprenticeships, Land, Planning and so on.
In addition to the issues facing the building of houses the government is, instead of encouraging the private rental sector (PRS) is in fact loading it with more and more legislation causing many good well-meaning landlords to abandon the industry in despair, leaving a shortage of investment and supply in the sector.
Now here’s the rub, you would think any common-sense administration would see the light and listen (too much to ask there) if we can’t build enough then we need to stimulate the other areas of supply, such as the PRS not beat it up, in addition we also need to encourage the supporting services such as Estate and Letting Agents. Yet the government seem hell bent on big stick control over both essential supply services with the introduction of new legislation not least the fees ban.
It is predicted by ARLA (Association of Residential Letting Agents) that as many as 40% of their membership are considering their options and may well decide to follow a different career path, that being the case this will leave a further vacuum for those of us that are left, Bring it on!
In relation to supply, and the government know this for each landlord that decides to sell up and move on, the chances are that only another landlord will buy the property, so effectively the unit remains in the market place, although under different ownership, the supply issue is in fact due to overheated demand due to the population growth over the last 10 years, encouraged by immigration. So again, this is where those of us doing the job professionally can capitalise.
If we have landlords looking to sell and we know it is historically an investment property then why aren’t we looking to make the marriage to the buyer, thereby developing a fee opportunity and maintain the ongoing management.
So, you can see why we are so excited about the future, for those of us that are tuned in and switched on there is tonnes of opportunity.
If it gets to this, If I only knew then what I know now??? It’s too late.
Don’t go the hard way call today 0151 601 9444. And get in front of the game.