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The Property Opportunity

The lettings and estate agency industry is not only growing now at a faster rate than ever before, but is predicted to expand considerably over the next few years, with more agents required. 

It’s reported that nearly 65% of the homes in UK’s private rental sector are already managed by property letting agents, in an industry with an estimated worth of £10 billion and rising.

Similarly, there has never been a better time to become an estate agent, developing an enjoyable and lucrative business while providing a necessary local service. The internet is a great equalizer, allowing independent agents to compete easily with larger more established agencies.

The growth in the UK property property market is due to several factors –

  • The shift towards renting is increasing in large part due to a combination of mortgage restrictions and rising house prices resulting in buying becoming impossible for more and more people.
  • The government Help to Buy Scheme is having no significant effect as, without an increase in new housebuilding, the scheme itself is driving up house prices. Recently published DOE figures estimate a need for an extra 6 million homes in the next 10 years, due to factors including a rising divorce rate, greater life expectancy, growth in single parent households, students leaving university, and continuing immigration, all swelling the demand for rented accommodation.
  • The supply of rental property will continue because property is seen as a stable and profitable investment medium in our low real interest rate climate, and new landlords are joining the industry every day.
  • In the UK around 25% of homes are rented. When you consider that in France 70% of housing is rented, and in Germany the figure is 55%, you can see that there is much room for growth in the UK. This signals a long term growth potential in both sales and lettings and a vibrant and profitable property sector for many years to come.

Setting up a letting agency or estate agency can be achieved by using our top rated and proven business package with ongoing support.  No qualifications are required, and you can be up and running within days, working from home or office, and either part-time or full-time.

If you aspire to run your own letting agency or estate agency, you can start up as a new venture, or as an add-on to an existing business.  With Southcourt Property you have the opportunity to do so with the full support and huge experience from a company who has successfully started over 1000 agents. 

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