Agents need to review their operations in order to maintain market relevance.
Estate agents are facing an unprecedented set of challenges. Long-running structural changes in the market have combined with prolonged political and economic uncertainty; and a raft of legislative changes have generated headwinds for agents of all scales.
Rethinking strategies, operational processes and business models will be a priority for many agents, in order to retain competitiveness and profitability in an increasingly disrupted market.
Craig Steven-Jennings, Partner Real Estate & Construction at KPMG in the UK, and Jacqui Kerr, Director Restructuring KPMG in the UK, have looked at how making data-driven decisions and adapting to new technologies will be critical for estate agents to remain relevant in this rapidly changing market.
You can download Craig and Jacqui’s findings in the full article: Property market distruption impacting estate agent profitability.