COVID-19 briefing: August, week 2

dbaranowski

This week, we can't help but notice that despite virtual viewings quickly becoming more popular during lockdown, only 8% of listings actually feature one.

Landlords, did you know you can get a state of the art 3D tour for free with Kiko? 🤑

Let's see what happened this week to...

Tenants

Tenants seem to be searching for new homes more intensely, with 40% more property searches than last year...
...yet fewer homes actually get rented than last year. Tenants are sending a clear message to landlords: we want better quality and lower prices.

Landlords

A recent survey shows that tenants not paying rent is the highest concern for landlords at the moment.
Despite widespread tenant demand for high-quality virtual viewings, only 8% of homes listed feature a 3D tour.

Firms

Residential investment funds are once more becoming more popular, showing confidence in the housing sector.
Savill's, one of UK's largest estate agents, reported a 66% decrease in their pre-tax income, starkly showing how traditional estate agencies are struggling to cope with today's reality.