Property Market Comment
The Farrell Heyworth Group, one of the leading estate agent and
property companies in the North West, comment on the future of the
regional property market and how we are changing our business model
in line with consumer demand.
Group director, Chris Heyworth commented ”Having worked in the
North West property Industry for 30 years I personally have seen a
great number of changes; the current unprecedented market will
perhaps mark the most dramatic change of all. Over the last few
months everyone in the industry has had to look very carefully at
their business model and restructure in order to survive the
challenging economic climate.”
Chris continued ”We have noticed in a number of retail sectors
that most consumers are now choosing to use telephone or online
facilities on a daily basis rather than visit High Street shops and
branches. It is on this basis that we have decided to concentrate
our branch presence in the more major conurbations and busier town
centres. This will allow us to protect jobs going forward and
invest in the evolving business as the market starts to
improve”
Farrell Heyworth has seen a huge leap forward in the growth of
the Residential Lettings market over the last year with
an increasing number of people choosing the option of renting.
Andrew Harding, head of the group's Lettings
department said “Over the last few months we have been inundated
with tenant enquiries across all types of property and rental
levels. This surge in interest has resulted in the need to attract
more Landlord clients in all areas across the North West as
Residential Lettings becomes an increasing core business activity
for Farrell Heyworth.