Letting & Estate Agent Podcast

Chris Barry, Director of Business Development at Thomas Legal, dropped by the WatkinSofa in late Summer 2024 to chat all things Estate Agency and Conveyancing. In this episode Chris talks about the broken relationship between Estate Agents, Conveyancers and Mortgage Arrangers.

UK PROPERTY MARKET WEEKLY UPDATE Welcome to the third UK Property Market Stats Show of 2025, your go to weekly one hour documentary of the UK Property Market on YouTube This week, I’m joined by the awesome Alice Bullard, CEO of Nested, to delve into the key property market headlines for Week 3 of 2025. The YouTube Show - https://youtu.be/04SXtSzeZvo . ✴️ UK Property Market Highlights this week . ✅ Listings (New Properties on the Market) 34.9k new listings this week (last week 33.7k) That’s 17% higher than Week 3 of 2024 YTD and 14% higher YTD compared to 2017/18/19. ✅ Price Reductions (% of Resi Stock) 19.9k Price Reductions this week - meaning approx. 14.8% of Resi sales stock this month has been reduced. To compare, 7.8% of residential sales stock reduced in December (always a lower % in Dec). For comparison, 11.1% od stoics reduced in November and 11.9% average in 2024, though the long-term 5-year average is 10.6%. December traditionally sees a dip in this metric. ✅ Total Gross Sales (Agreed Sales) 25.7k UK homes sold STC this week, up from 23.8k last week in Week 2 That’s 35% higher YTD compared to 2024 and 43% higher than 2017/18/19 YTD levels. ✅ Sale-Through Rate (Monthly in Arrears) Approx. Run rate of 14.2% of Resi stock sold stc in Jan. For comparison, 10.61% of residential sales stock sold in December 2024, compared to 8.79% in December 2023. 2024 monthly average: 15.3%. Long-term 7-year average: 17.9%. ✅ Sale Fall-Throughs 23.3% of gross sales fell through this week – ad top from last week at 25.4%. Slightly below the 7-year average of 24.2%, but well below the 40%+ levels post-Truss Budget (Autumn 2022). On a monthly basis, approximately 5.4% of sales in the UK agents pipelines have fallen thru in Jan 25. For comparison, 3.8% of the December 2024 sales pipeline fell through (Dec is always lower) (2024 average: 5.36%). ✅ Net Sales (Gross sales for the week less Sale Fall Thrus for the week) 19.7k net sales this week, compared to a typical week 3 average of 18.1k. Last week (Week 2 2025) - 17.7k. 2025 YTD is 38% higher than compared to 2024 YTD and 39.7% higher than YTD 2017/18/19. ✅ Residential Sales Stock on the Market 605k properties on the market at the end of December 2024 (down from 677k in November). Historical comparison for end of December: * 2023: 560k * 2022: 481k * 2021: 342k * 2020: 543k * 2019: 545k. ✅ Residential Sales Sold STC Pipeline 441k sales agreed but not yet completed at the end of December 2024. Historical comparison for December : * 2023: 359k * 2022: 373k * 2021: 468k * 2020: 548k * 2019: 310k. ✅ UK House Prices (£/sq.ft) As always, the £/sq.ft metric predicts Land Registry figures 5 months in advance with 92% accuracy (the orange line of the graph). December’s final figure: £339/sq.ft. * November: £342/sq.ft * August: £334/sq.ft * December 2023: £322/sq.ft This means house prices have risen 5.28% in the last 12 months. Local Focus this week - Wembley

Ollie Henson, from Giggs & Co, in Cambridgeshire dropped by the WatkinSofa in the Summer of 2024 to chat about all things Estate Agency. In this episode Ollie talks about the mindset of an Estate Agent.

Ben Moser, Director Of Operations at Petermans Estate Agents, Managing Director at Petermans Housing Initiatives dropped by the WatkinSofa in the Summer of 2024 to chat about all things Estate Agency. In this episode Ben talks about if Estate Agents should upgrade their Rightmove package?

Chris England, Co-Founder of PVS, dropped by the Watkinsofa in the Summer of 2024 to chat all things Estate Agency and video. In this episode Chris talks about how PVS Media help Estate Agents.

Mike Robson, co-Founder of Avocado Estate Agency, dropped by the WatkinSofa in the Autumn of 2024 to chat all things Estate Agency. In this episode Rob talks about whether you should start your Estate Agency solo or with a partner.

Paul Leslie, Managing Director at Leslie & Co, a West London Estate Agent and part of the Keller Williams network. He dropped by the Watkinsofa in the Autumn of 2024 to chat all things Estate Agency. In this episode Paul talks about integrity in Estate Agency.

This is the second ‘UK Property Market Stats Show’ of 2025, the ‘Stat Show’ is a weekly one-hour documentary report on YouTube. It is for the week ending Sunday, 19th January 2025, I am joined by this week’s special guest, Verona Frankish, boss lady of Yopa, the 6th/7th largest Estate Agency brand in the UK to discuss the property market headlines for Week 2 of 2025. It must be stressed this is the second week of the year, and because the first full week started later than other years (on Monday, the 6th January 2025), some of the figures, when compared to previous years, are considerably higher than other years. This will settle down as the rest of January opens out. The YouTube Report https://youtu.be/5loAxkM0NwQ The main headlines this week though: · Listings (New properties coming on to the market) - 33.7k UK listings this week (week 2). 19% higher than wk2 in 2024 YTD. 18% higher YTD than 17/18/19 YTD · % of Resi Sales Stock being reduced (Monthly): 7.8% of Resi sales stock was reduced in December (this stat is monthly in arrears). 11.1% in November. 11.9% & 2024 average and long term 5 year average 10.6%. NB We always get a dip of this stat in December · Total Gross Sales - 23.8k UK homes sold stc this week (Week 2) - interesting when compared with last week - 19.2k in Week 1. 48% higher YTD than YTD in 2024. Also, 8.7% higher than 2017/18/19 YTD levels. · Sale Thru rate (Monthly): UK Estate Agents sold 10.61% of their Resi sales stock in Dec ’24 (Dec ’23 - 8.79%). 2024 average is 15.3% & the 7 year long term average is 17.9% per month. · Sale fall-throughs - For the week 2, Sale Fall Thrus (as a % of Gross sales Agreed) 25.4%. The 7 year Long Term weekly Average is 24.2% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022. Another way of measuring sale fall thrus are the % sales pipeline that fell thru. Done monthly, Agents lost 3.8% of their sales pipeline for the month of December (2024 average 5.36%). · Net Sales - 17.7k this week (average for week normally 14.3k). 54% higher YTD than YTD in 2024. 60% higher YTD 2025 compared to YTD 17/18/19. · Resi Sales Stock on the Market (Monthly Stat) : 605k at end of December (down from 677k at end of Nov). For comparison, Dec ’23 - 560k, Dec ’22 - 481k, Dec ’21 - 342k, Dec ’20 - 543k, Dec ’19 - 545k. · Resi Sales Sold STC Pipeline (Units) (Monthly Stat): 441k at end of December. For comparison, Dec ’23 - 359k, Dec ’22 - 373k, Dec ’21 - 468k, Dec ’20 - 548k, Dec ’19 - 310k. · UK House Prices - As explained in the show, the £/sqft figure foretells and predicts the Land Registry 5 months in advance with an accuracy rating of 92%. Final December figures saw a slight drift in this important metric to £339/sq.ft. For comparison - Nov’s £342/sq.ft, August’s £334/sq.ft, and Dec ’23 at £322/sq.ft. This means house prices have grown 5.28% in the last 12 months. Local Focus this week - Luton Graphs https://we.tl/t-V5CXIhL3oP

David Gibbons, MD at Estate Agency of Courtyard Homes, an Estate Agency in the North West, dropped by the Watkinsofa in the Autumn of 2024 to chat about all things Estate Agency. In this episode David talks about if over - valuing is ruining UK Estate Agency.

Clare Yates, MD of CY Training Works, dropped by the Watkinsofa in the Autumn of 2024 to chat all things Estate Agency and Conveyancing. In this episode Clare talks about the weird language of Estate Agency.