The UK property industry generates billions of pounds for the country’s economy every year and a recent report has shown that the housing market is now worth nearly 10 times the Government’s entire income. With the total value of residential dwellings in the UK being valued at £5.9 trillion, the industry is a prosperous one, but is working in it for you?
It’s common knowledge that estate agency is a saturated industry with every high street in the country housing more than one. There are over 20,800 estate agency businesses in the UK and almost 160,000 people employed in the sector, making it extremely competitive, albeit very rewarding.
People’s homes are their greatest asset and largest investment, therefore to work in the estate agency industry having a personable character is key. Estate agency is largely a sales job, so having a persuasive nature whilst remaining polite, keeping calm under pressure and having empathy will all be an agent’s strongest skills.
The lettings industry in agency can be very fast paced and is a heavy numbers game so being organised, planned and prepared will aid the everyday tasks. Selling property, although generating larger fees, is a longer process with an average property in the UK taking 91 days to sell, therefore having patience and persistent character traits are important.
At Winkworth there are over 650 staff members working across our network of offices, ranging from administrators and negotiators to managers and franchisees. We offer lots of opportunity for career progression, helped by providing over 100 training courses a year through the in-house Academy. Winkworth sees vital importance in all staff’s continual professional development and can tailor courses to suit individual office’s needs.
If you are determined, confident and passionate about the industry there is scope for promotion in property. Many of Winkworth’s current franchisees started off as negotiators in the offices and climbed through the ranks to eventually own their own estate agency business with the brand.
Estate agency can be a challenging industry and economic and political decisions can impact on it, however if you are willing to work hard and enjoy interacting with lots of different people daily it can be extremely fulfilling.
Sources: FT, BFP, Accelerate Homes