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TODAY'S OTHER NEWS

Propertymark talking with government over furlough flexibility

Propertymark says it’s continuing to talk to government departments about making the furlough scheme flexible enough to meet agency industry needs. 

A statement from the ARLA and NAEA Propertymark team says it’s recently discussed with government how agency and supplier employers would like to move their staff in and out of furlough on a weekly basis rather than current three-week arrangements.

A similar demand was made earlier this week by the Home Buying and Selling Group, of which Propertymark is a member.

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It says the financial implications of having to commit to paying un-furloughed staff while gauging whether markets will return to near-normal levels of business are preventing many employers from bringing staff back on to the payroll.

And Propertymark adds that due to the way transactions are linked through chains, minor delays can cause a logjam for homebuyers and sellers in completing transactions. 

Greater flexibility to bring employees in and out of furlough on a weekly basis would make these delays far less likely and would enable the market to run more smoothly.   

You can see the HBSG letter to Chancellor Rishi Sunak on this issue, here.

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    Please help us... we want the penny and the bun
    Despite pleading to reopen the estate agency and lettings market , we didn't realise that we don't have the money to pay our staff?
    Despite
    1. Countrywide pleading with the Government to re-open because it supported so many other people particularly tradesman
    2. Rightmove & Zoopla producing figures showing demand increasing by up to 139 % on the first morning and Zoopla still claiming demand up 88% last week
    3. Buyer sentiment was around 94% but today whoops 59% that still want to proceed
    3. Zoopla claiming 373,000 of transaction worth £82Bn. Government estimate 450,000 transactions
    4. Anectdotal evidence of agents saying they were agreeing lots of sales , phones were ringing, people clamouring for viewings
    5. And of course, Russell Quirke saying prices won't be affected by any recession

    With so much positive fact driven news, why wouldn't any agent want to be back at work ???

    That would be my answer if I was Rishi Sunak.

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