Self-employed agent network The Property Experts is experiencing a “record season” of sign-ups, which it has attributed to recent falls in mortgage rates, wages rising faster than inflation and a likely increase in property transactions.
According to founder Sean Newman, these positive economic pointers all indicate that the conditions are right for agents to consider going solo.
“Everything points to a buoyant property market for autumn and well into 2025,” he said. “Further rate cuts are predicted between now and Christmas and we are just seeing the pent-up demand in the market being released with much more to come.
“While some people find themselves forced into the decision after being made redundant, only to realise it was a blessing in disguise, when it comes to starting your own business, it’s always better to be in control of the timing,” Newman added. “You can get all your ducks in a row and be in the driving seat.
“What we’re seeing here at The Property Experts is record numbers joining our induction course this month and we’re nearly at capacity for October and November as well.”
Newman believes an increase in transactions is imminent.
He said: “As far as customers are concerned, the Olympics are over, the kids are back at school, the election is done and dusted and there’s a period of stability in the property market.
“They are clearly thinking about making a move – and agents should do the same.”
Jim Harris, managing director of The Property Experts, added: “There is no such thing as the perfect time to start your own business but there are more properties for sale than ever before, and these properties will either sell or agencies will find their clients switching agents. Either way, transactions will increase at the back end of the year.”
