what’s does the future hold for surveying?
TRANSCRIPT
![Page 1: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/1.jpg)
What’s does the future hold for surveying?
www.designsonproperty.co.uk
![Page 2: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/2.jpg)
Agenda
• Current market trends • Future market trends • Properties and the need for surveys• What do consumers want and need?
![Page 3: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/3.jpg)
What are the current market trends?
![Page 4: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/4.jpg)
The economy
![Page 5: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/5.jpg)
Property prices
![Page 6: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/6.jpg)
Demand vs supply drives house prices
![Page 7: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/7.jpg)
Effect of mortgage availability on transactions
![Page 8: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/8.jpg)
Transactions are recovering
![Page 9: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/9.jpg)
Help to Buy ‘turned the market’ - not prices
![Page 10: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/10.jpg)
Current Trends
• Property market has ‘turned’ • Prices have recovered in some areas to 2007 levels, but still a
long way to go for most areas– Especially to keep up with 3% annual inflation
• Transactions are recovering – More important from the industry’s perspective
• Help to Buy relationship with driving up prices and evidence of a ‘housing bubble’ yet to materialise
![Page 11: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/11.jpg)
Future market trends
![Page 12: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/12.jpg)
Price disparity is a key issue
Property prices may not keep up with inflation in the future
Potential issue for those who own outright
![Page 13: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/13.jpg)
Will transactions recover?
Transaction growth may continue and return to pre 2007 levels
Rental market with the real growth (LT/ST)
![Page 14: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/14.jpg)
Understanding the future is crucial
![Page 15: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/15.jpg)
Where is your business?
![Page 16: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/16.jpg)
Who is moving?
![Page 17: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/17.jpg)
The need for surveys
![Page 18: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/18.jpg)
English Housing Survey
• In 2012, 4.9 million dwellings (22%) failed to meet the decent homes – PRS non-decent homes 33%– Owner occupied homes were 20%– Social rented sector had the lowest 15%
![Page 19: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/19.jpg)
Ageing population & housing stock
![Page 20: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/20.jpg)
Surveys are now critical to all
![Page 21: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/21.jpg)
Easy to read reports are essential
![Page 22: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/22.jpg)
Changes to consider
Ask the question throughout the report:- ‘So what?’
![Page 23: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/23.jpg)
Ask who is your consumer/public?
• First time buyers• People trading up• People trading down • Property investors – Traders– Buy to let
• Tenants
![Page 24: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/24.jpg)
How can you adapt your services, expertise and contacts to them?
• One person ‘on the buyer’s side’ – But, you only do one part of a house survey
• Why not:- – List all the things that need checking
• Drain, electrics, gas,
– Offer to check the guarantees – Offer to have them all checked on the same day?
• Meet with the client to build a lifetime rapport?• What can you do to liaise on the client’s behalf with
legal companies and lenders?
![Page 25: What’s does the future hold for surveying?](https://reader031.vdocument.in/reader031/viewer/2022020800/551b3229550346dd1a8b4ec9/html5/thumbnails/25.jpg)
Summary
• Market is recovering– May not reach previous transaction levels
• There is and won’t be an ‘average’ market anymore• Essential to be seen as ‘local property expert’• Target marketing and expanding your services is needed – Customers should be a ‘lifetime’ relationship