With 2020 forever etched in our memory, and winner of craziest year of our lives thus far… what does 2021 hold in store for us and the industry we work within? One thing I am confident of saying, if we can get through 2020, we can get through anything!
The property industry has proven to be a robust one and come the turn of the new year I set myself a task: I was keen to speak with the people on the ground throughout January, to understand market sentiment and position myself best to be able to offer support and guidance to my clients/candidates.
One thing we can all appreciate is that things will be different for 2021 and probably way beyond, although from the moment I began picking up the phone in January it became very apparent that agents haven’t stopped planning for a positive future. It seems from the conversations I have been having that 80% of my clients are attacking this market and feel energised from the success they’ve experienced during the stamp duty holiday. I genuinely didn’t expect to be as busy as we are right now and it’s largely down to everyone pulling in a similar direction, not wanting to be left behind across 2021.
It’s made me proud to recruit for an industry where people never give up, continue to battle the elements and ultimately wake up every day with a real desire to win. Markets are driven by sentiment, right? With everything going on in the world right now, it’s very easy to concentrate on negative press. I say let’s continue to break the mould, if we’re all pulling in the same direction then ultimately the train is typically going to go one way!
Of course, there are external factors which can influence our markets away from just a positive mindset. None more important than the Governments decisions in the coming weeks. A huge insight to how 2021 may play out will be decided within the detail of the Chancellors budget report in early March. I have listed some points below which hopefully will help bull our market into a frenzy:
Extending of the Stamp Duty Tax
Expanding the Help to Buy scheme to second-hand market
Raise local housing allowance
Provide a financial support package for the private rented sector
Ensure universal credit is adequate and more effective
Thankfully, deverellsmith has confirmed that following the success of the first event of its kind in October last year, we are running version 2.0 of Banking on the Future on March 25th. This webinar will offer a deeper understanding of how the report may affect the rest of the year. Feel free to find out more and register here.
There is no doubt the crazy days are still very much among us all but let’s embrace it! Personally, I enjoy the challenge and have been able to find comfort in the fact that the people on the ground, my clients & candidates, are navigating themselves through this market exceptionally well and positioning themselves for a successful 2021.
If you’re a business or individual who is seeking some guidance or consultation, then feel free to drop me a line. I enjoy working with talented people and am here to listen.
Ryan sits on the agency desk at deverellsmith and has around 5 years of recruiting experience across the London residential market. He is passionate and genuinely loves what he does, trying to be as transparent as possible with clients and candidates when offering advice or feedback, which he believe creates a foundation of trust to work from.
Email: ryan.doyle@deverellsmith.com
Call: +44 (0) 207 291 1511
Linkedin: https://www.linkedin.com/in/ryandoylelca/
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