Bristol
Property Hub
Previous Events
Key points raised from the Summer Series included;
Topic 1 - There is a general desire for everyone in the industry to join up the dots in the process when working with each other. Look at how the industry seems resistant to change and introducing technology that increases efficiency – what can be done to improve this?
- The general consensus was that technology could join the dots, but needs to be more open and transparent. Generally people were but resistant to change and needed ongoing encouragement and continued support.
- Flexibility needs to be built-in and service providers need to remain customer centric. Technology could enhance remote working. However, whilst people acknowledge a move towards hot-desking, there remains a great deal of old school scepticism.
- Attendees engaged in a very animated discussion about online agents and their lack of sales progression. Some conveyancers and agents have even considered price hikes or refusing to deal with an online agent.
- Cyber security. From a technology perspective, electronic signatures are a positive step in the right direction, but major concern from cyber security perspective.
Topic 2 - Increased house prices have made affordable housing scarce in Bristol but is it only the first time buyers that are finding it tough?
- A general view that Buy-to-let investors have moved away from new build and are focussing on second-hand housing stock.
- First-time buyers are present in market but are predominantly reliant on help to buy schemes and bank of mum and dad.
- Some lenders are being more flexible with gifted deposits.
- Not only first buyers struggling, but those looking to downsize due to a lack of suitable alternatives – or people staying put and “improving not moving”.
- Infrastructure needs improving – plans in place (underground) but general feeling it’s not going to be realistic or effective.
- Bristol City Council seem to be encouraging build to rent rather than buying.
These events are exclusive and places are limited so if you would like to recommend a friend to attend please contact Hannah Dukes on:
0800 840 5571 hannah.dukes@tmgroup.co.uk
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