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Opinion Editorials

A New Sunday Series From Your British Correspondent

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I <3 Sundays

Sundays are great in the UK. We have really big newspapers with all sorts of colourful supplements, we have traditional ‘Sunday Lunches’ (roast beef/lamb/pork/chicken, roast potatoes, all sorts of veg and lashings of gravy) and if you’re really lucky there’ll be a nice family film on the box at around 3pm. It’s also the perfect day to look back at the week just past and think about what we’ve learnt, ready to face a new week tomorrow.

With that in mind, I’m going to start using my Sunday mornings to round up British real estate news for all you AgentGenius fans.

So, what’s been happening this week in the UK?

  • The UK government bail-out seems to be helping – As you probably know, the UK government has had to step in to sort out the economic mess on our island just like the US government has had to on your shores. Granted, ours wasn’t to the tune of 700 billion dollars, but it was a pretty big deal. Anyhoo, it seems to be helping the housing market. Sales aren’t on the up, yet, but viewing activity has improved. In the days after the UK bail-out, viewing figures were up by 35% compared to the week before according to one of our largest estate agencies. New instructions have also been said to be on the up by as much as 30%, so confidence in the housing market is clearly improving.
  • That all being said, agents are still struggling – Agents are still being forced to shut up shop here, the average number of sales per agency are at record low figures. In London, the average estate agency (that’s an office full of estate agents, not a single agent) sold just 8 properties in the three month run up to September. Some estate agencies have gone to drastic measures, with one London chain offering to cut commission entirely…that’s right, they’ll sell your home for free! Needless to say, that was a front page story in some of our newspapers this week.
  • Rightmove cuts more than 60 jobs – Just as Zillow and Redfin have had to lay off workers, British real estate search site Rightmove has also had to make redundancies. Rightmove has been around for 8 years in the UK and this week announced they would have to make 20% of their staff redundant to cut costs.
  • Demand for rental properties is strong – Letting agents aren’t complaining here at the moment, rental demand has doubled over the past year. The difficulties people are facing in trying to obtain a mortgage, as well as decreasing home values, has meant renting has emerged as an attractive option for many. Some letting agents have described the rental demand as the strongest they’ve ever dealt with, and many predict further growth.

In non-RE news, some of your ‘football’ (we all know that football is the game you guys think is called ‘soccer’) players have come to London! The Saints are playing the Chargers at Wembley Stadium today. And it’s pouring with rain…well, this is London.

See y’all next Sunday for more UK real estate news 🙂

Poppy Dinsey works in Business Development at Globrix, the UK property search engine. She lives and works in London, which she loves except for the awful weather and lack of good pecan pie. She's got a pretty nifty degree in Eastern European Economics from UCL, which she readily admits she's never put to good use, although she did once dress up a Russian Bond Girl. You can find her on Twitter, 12Seconds, Seesmic and pretty much everywhere that's ever had a website.

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8 Comments

8 Comments

  1. Jennifer Fivelsdal

    October 26, 2008 at 6:04 am

    Poppy – Looking at that plate I am hungry and it is only 8:00 here. The condition in Britain is somehow mirroring what’s happening here. I have seen some struggling agent switch over to the rental market.
    Have a great day.

  2. Lee Stacey

    October 26, 2008 at 7:23 am

    Sundays are great.

    For me, Sundays always start with a band practice. Can’t beat marching around in a cold wet factory car park with bugles and drums blazing.

    Then there’s the football… I mean REAL football too. Today is Liverpool Chelsea. It doesn’t get better than that. Hopefully we (Liverpool) will be top of the table two hours from me writing this.

    And Suday roasts… Oh yeah! No further commentary required.

    I personally shall spend the rest of the day not doing much at all.

    With regards to the property market in the UK. I’ve noticed around our office that there seems to be a bit of a buzz again. We’ve all accepted that there is a problem, now we’re trying to take advantage of our position in the market. Chances are that if you’ve got this far without curling up and dying, you can get over this hump by tightening your belt and sharpening up. Somehow, the Government bail out has put a bit of confidence in the market again. Agents, investors and developers alike can now start taking advantage of this.

    The property market is dead. Long live the property market!

  3. C Tann-Starr

    October 26, 2008 at 7:29 am

    Good morning Poppy D. Thanks for the round-up. Will link back from A/R to let the guys know about your new series. <3 C.

  4. Erion Shehaj

    October 26, 2008 at 9:23 am

    Love the ending with “ya’ll” ..:-)

  5. Brian Brady

    October 27, 2008 at 7:50 am

    …and the Chargers lost so there is no joy in San Diego.

    I love that AG has a “London correspondent”

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Opinion Editorials

Declutter your quarantine workspace (and brain)

(EDITORIAL) Can’t focus? Decluttering your workspace can help you increase productivity, save money, and reduce stress.

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It’s safe to say that we’ve all been spending a lot more time in our homes these last few months. This leads us to fixate on the things we didn’t have time for before – like a loose doorknob or an un-alphabetized bookshelf.

The same goes for our workspaces. Many of us have had to designate a spot at home to use for work purposes. For those of you who still need to remain on-site, you’ve likely been too busy to focus on your surroundings.

Cleaning and organizing your workspace every so often is important, regardless of the state of the world, and with so much out of our control right now, this is one of the few things we can control.

Whether you’re working from a home office or an on-site office, take some time for quarantine decluttering. According to The Washington Post, decluttering can increase your productivity, lower stress, and save money (I don’t know about you, but just reading those three things makes me feel better already).

Clutter can cause us to feel overwhelmed and make us feel a bit frazzled. Having an office space filled with piles of paper containing irrelevant memos from five years ago or 50 different types of pens, has got to go – recycle that mess and reduce your stress. The same goes with clearing files from your computer; everything will run faster.

Speaking of running faster, decluttering and creating a cleaner workspace will also help you be more efficient and productive. Build this habit by starting small: try tidying up a bit at the end of every workday, setting yourself up for a ready-to-roll morning.

Cleaning also helps you take stock of stuff that you have so that you don’t end up buying more of it. Create a designated spot for your tools and supplies so that they’re more visible – this way, you’ll always know what you have and what needs to be replenished. This will help you stop buying more of the same product that you already have and save you money.

So, if you’ve been looking to improve your focus and clearing a little bit of that ‘quarantine brain’, start by getting your workspace in order. You’ll be amazed at how good it feels to declutter and be “out with the old”; you may even be inspired to do the same for your whole house. Regardless, doing this consistently will create a positive shift in your life, increasing productivity, reducing stress, and saving you money.

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Opinion Editorials

How to ask your manager for better work equipment

(EDITORIAL) Old computer slowing you down? Does it make a simple job harder? Here’s how to make a case to your manager for new equipment to improve your productivity.

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What is an employee to do when the work equipment bites.

Let’s be frank, working on old, crappy computers with inefficient applications can make the easiest tasks a chore. Yet, what do you do? You know you need better equipment to do your job efficiently, but how to ask the boss without looking like a whiner who wants to blow the department budget.

In her “Ask A Manager” column, Alison Green says an employee should ask for better equipment if it is needed. For example, the employee in her column has to attend meetings, but has no laptop and has to take a ton of notes and then transcribe them. Green says, it’s important to make the case for the benefits of having newer or updated equipment.

The key is showing a ROI. If you know a specific computer would be a decent upgrade, give your supervisor the specific model and cost, along with the expected outcomes.

In addition, it may be worth talking to someone from the IT department to see what options might be available – if you’re in a larger company.

IT professionals who commented on Green’s column made a few suggestions. Often because organizations have contracts with specific computer companies or suppliers, talking with IT about what is needed to get the job done and what options are available might make it easier to ask a manager, by saying, “I need a new computer and IT says there are a few options. Here are my three preferences.” A boss is more likely to be receptive and discuss options.

If the budget doesn’t allow for brand new equipment, there might be the option to upgrade the RAM, for example. In a “Workplace” discussion on StackExchange.com an employee explained the boss thinks if you keep a computer clean – no added applications – and maintained it will perform for years. Respondents said, it’s important to make clear the cost-benefit of purchasing updated equipment. Completing a ROI analysis to show how much more efficiently with the work be done may also be useful. Also, explaining to a boss how much might be saved in repair costs could also help an employee get the point across.

Managers may want to take note because, according to results of a Gallup survey, when employees are asked to meet a goal but not given the necessary equipment, credibility is lost.

Gallup says that workgroups that have the most effectively managed materials and equipment tend to have better customer engagement, higher productivity, better safety records and employees that are less likely to jump ship than their peers.

And, no surprise, if a boss presents equipment and says: “Here’s what you get. Deal with it,” employees are less likely to be engaged and pleased than those employees who have a supervisor who provides some improvements and goes to bat to get better equipment when needed.

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Opinion Editorials

How to build a company culture while working remotely

(OPINION EDITORIAL) It seems that even a post COVID-19 world will involve remote work, so how can you build and maintain a strong work culture that ensures growth and satisfaction?

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culture remotely

New startups and existing companies are starting to transition to a fully remote (or nearly fully remote) model, but what does this mean for work culture? If you’re not careful, your work culture could easily become diminished as you transition to a remote environment, and if you’re building a company from the ground up, you may not have a strong culture to begin with.

Culture isn’t something you can afford to give up, so how can you build and maintain your company culture while working remotely?

The importance of a strong work culture

Maintaining a strong, consistent company culture is vital, even if your company is operating remotely. With a strong work culture, you’ll enjoy benefits like:

  • Better recruiting potential. A company with strong work culture will seem more attractive to talented candidates. The best people in the industry will want to work at a place with a great team and a great set of values.
  • Like-minded teammates. Establishing a consistent work culture allows you to selectively hire, then maintain employees who are like-minded. Employees with similar goals and mentalities, even if they come from different backgrounds, will be able to collaborate more efficiently.
  • Smoother communication. A strong foundational work culture that establishes goals, values, and beliefs within an organization can enable smoother, more efficient communication. Staff members will be on the same page with regard to high-level priorities, and will be able to exchange information in similar patterns.
  • Lower stress and less turnover. Better work cultures generally mean lower stress for employees, and accordingly, less employee turnover. Of course, this assumes you’re hiring good fits for the organization in the first place.
  • A better public reputation. Your work culture can also boost your public reputation—especially if you emphasize core values that are important to your target audience.

How to build company culture remotely

Traditionally, you can use in-person team-building sessions, regular meetings, and workplace rules to establish and maintain your company culture, but while working remotely, you’ll need to employ a different set of tactics, like:

  • Hiring the right candidates. Building a great culture starts with hiring. You have to find candidates who fit with your organization, and already share your core values. If someone doesn’t agree with your high-level approach, or if they don’t like your rules or workflows, they aren’t going to do their best work. These same considerations should be applied to your third party hires as well; agencies and freelancers should also fit into your values.
  • Hosting virtual team-building events. You can’t host in-person team-building events, but that doesn’t mean that team-building is inaccessible to you. Consider hosting a video conference to introduce your team members to each other, or bond over a shared event. You could also host virtual game nights, or provide team lunches to celebrate wins. Any excuse to engage with each other in a non-work context can help employees feel more connected and part of the team, and there are plenty of options to make it work virtually.
  • Streamlining communication. Good communication is both a constituent factor and a byproduct of effective company culture. If you want your culture to thrive, you have to set good standards for communication, and encourage your employees to communicate with each other consistently and openly. People need to feel heard when they speak, and feel comfortable voicing their opinions—even if they don’t agree with their superiors. There should also be easily accessible channels for communication at all levels. Over time, this foundation will help your employee communication improve.
  • Improving transparency. Workplace transparency is important for any employer, but it’s especially important for remote businesses trying to build or maintain a strong culture—and it’s challenging if you’re operating remotely. If you’re open and honest about your goals and how you operate, employees will feel more trusted and more engaged with their work. Strive to answer questions honestly and disclose your motivations.
  • Publishing and reiterating company core values. One of the biggest factors responsible for making a company culture unique is its set of core values. Spend some time developing and refining your list of core values. Once finished, publish them for all employees to read, and make time to reiterate them regularly so employees remember them.
  • Making employees feel valued. Finally, and perhaps most importantly, make your employees feel valued. Take the time to show your appreciation however you can, whether it’s through a simple thank-you message or an occasional cash bonus, and be sure to listen to employee feedback when you get it.

Building a work culture in a remote environment is more challenging, and requires consideration of more variables, but it’s certainly possible with the right mentality. Spend time setting your priorities, and make sure you’re consistent in your execution.

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