Letting & Estate Agent Podcast

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 fees in Estate agency.

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 over selling the Self Employed model.

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 if referral fees and panel solicitors have ruined Estate Agency.

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 Estate Agents in the local community.

This is the first ‘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, 12th January 2025, I am joined by this week’s special guest, Ben Madden, an Estate Agent from West London to discuss the property market headlines for Week 1 of 2025. It must be stressed this is the first week of the year, and because the first full week started later than other years (on 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 main headlines this week though: · Listings (New properties coming on to the market) - 27.4k UK listings this week (week 1). 34% higher YTD than 2024 YTD. 35.6% 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 - 19.2k UK homes sold stc this week (Week 1). 74% higher than the same standalone week (week 1) in 2024. Also, 11.2% 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 - Agents lost 3.8% of their sales pipeline for the month of December (2024 average 5.36%). For the week 1, Sale Fall Thrus (as a % of Gross sales Agreed) increased to 33.0% (up from 25.7% from the last two months of 2024). This is normal with a glut of sale fall thrus coming out the Christmas & New Year break. 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. · Net Sales - 12.9k this week (average for week normally 7.7k). 88.9% higher than the same week 1 in 2024, 99.4% higher YTD in 2024 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. · Average Rents in the UK * East Anglia: 2024 Average £1,387, Growth since 2016: 29.9% * East Midlands: 2024 Average £1,065, Growth since 2016: 45.5% * Inner London: 2024 Average £3,141, Growth since 2016: 26.0% * North East: 2024 Average £985, Growth since 2016: 29.9% * North West: 2024 Average £1,141, Growth since 2016: 42.1% * Northern Ireland: 2024 Average £927, Growth since 2016: 36.1% * Outer London: 2024 Average £1,943, Growth since 2016: 22.0% * Scotland: 2024 Average £1,116, Growth since 2016: 46.8% * South East: 2024 Average £1,796, Growth since 2016: 40.0% * South West: 2024 Average £1,629, Growth since 2016: 78.4% * Wales: 2024 Average £1,137, Growth since 2016: 50.4% * West Midlands: 2024 Average £1,125, Growth since 2016: 39.2% * Yorkshire & Humberside: 2024 Average £1,058, Growth since 2016: 39.8% Local Focus this week - Bath Graphs for personal use - https://we.tl/t-iBOpi3it6c

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 his Estate Agency Journey.

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 social renting and private renting could come together.

Nony Kerr-Smiley, a Winchester Estate Agent, dropped by the Watkinsofa in the Autumn 2024 to chat all things Estate Agency. In this episode Nony talks about the things that p@ss her off about Rightmove.

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 starting your own business in your 60's.

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 Corporate vs Self Employed Estate Agency.