Editor's note: This brief was summarised by The Property AI Team from a report by The Negotiator. Read the original article for full details.
43% of Estate Agents Trust No Political Party on Housing, Report Finds
A new report has found that 43% of estate agents cannot name a single political party they trust most to resolve the UK housing crisis. The findings come from The Voice of the Agent annual report, which surveyed more than 350 agents.
The report, compiled by Simon Leadbetter, highlights that politics and economics are now as influential in estate agency as marketing, technology, or property portals. According to the report, agents are seeking stability, credible housing policy, and economic competence from political leaders.
The research also indicates that business confidence among agents has increased, rising from 7% to 16% in the 12 months to July 26. Additionally, 47% of agencies expect their businesses to continue growing.
The report concludes that while the property market is becoming more stable, agents believe that future success will depend on understanding a range of factors, including interest rates, inflation, politics, and international markets, alongside traditional agency skills.
These findings are particularly relevant for UK letting agents and inventory clerks, as they reflect the current sentiment within the industry regarding political leadership and market stability.
Source: The Negotiator