In 2024, the property sector faced continued uncertainty as interest rates remained high and the cost of living continued to impact consumers’ decisions.
Now, following a change in government, many property professionals are looking to 2025 to understand the opportunities and challenges that lie ahead.
So, what’s on the minds of property professionals as we look to the future?
The current landscape
Our latest report provides an in-depth analysis of the current sentiment felt by estate agents, conveyancers, surveyors, lenders and home movers across England, Wales, and Scotland.
Key insights:
- Transaction speed remains a priority: Conveyancers are increasingly vocal about the need for faster transactions, with 55% ranking this as their top concern.
- Communication challenges: Poor communication among stakeholders hampers efficiency, particularly for estate agents, who spend 55% of their day chasing or being chased for updates.
- Tech as a transformative tool: Digitisation and technology can significantly improve productivity, especially among lenders, 67% of whom are prioritising the digitisation of processes to cut costs.
- Consumer expectations: Home buyers are frustrated by lengthy completion times, citing an ideal timeline of just 8.5 weeks from offer acceptance to completion.
This article was published by Landmark as part of their advertising agreement with Today’s Conveyancer.
The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.
