Letting & Estate Agent Podcast

UK Property Market Stats Show - Week 33 2025 - Ep.2310

10 snips
Aug 29, 2025
Guest
Iain McKenzie
Iain McKenzie, leader of the Guild of Property Professionals, shares his expertise on the UK property market. He reveals that new listings have significantly increased post-Bank Holiday. The discussion dives into sales figures, showcasing a stable market with a crucial link between speed-to-sale and successful outcomes. Iain also emphasizes the importance of accurate pricing to avoid prolonged sales times. Additionally, trends in lettings highlight OpenRent's growing influence as landlords shift away from traditional high-street agents.
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INSIGHT

Supply/Demand Curve Has Shifted

  • The supply/demand curve has shifted because stock levels are higher and cumulative listings reached ~1.2m YTD.
  • Agents must adapt valuation language and approach to reflect increased supply and buyer choice.
ADVICE

Book Re-Inspections Quickly

  • Book a re-inspection within three or four weeks of valuation to hold valuers' feet to the flame.
  • Use early conversations to set realistic pricing language and avoid backing into an overpriced position.
ADVICE

Use Follow-Up Visits To Curb Overpromising

  • Book a follow-up valuation meeting so valuers must revisit and justify their initial pricing.
  • Use this to prevent overpromising and to adjust pricing based on early market feedback.
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