The Government has officially said it wants to encourage online-only estate agents, stating "the Government wants to inject innovation into the process of home buying, ensuring it is modernised and provides consumers with different – and potentially quicker, simpler and cheaper – ways to buy and sell a home."
The intention behind this backing is to create a fairer more accessible buying and selling process, and to encourage competition and enable businesses such as estate agents to offer a better product both in terms of their current services, and also either build or strengthen elements such as legal services (for example, conveyancing). They will also address how the sector has grown and evolved around existing regulations and frameworks, encouraging innovation and transparency.
Sarah Beeny explains, "Cameron has had 10 years in control of the Conservatives, half of which he has been Prime Minister. So what has he achieved? The first half of this was a good 'warm up', as he could watch the Labour party from afar in their last death throes of power as the country around them flailed around in a political, economic and PR compost heap. The second 5 years has been interesting, but not particularly land changing.
We hear the same song - "housing shortage...housing crisis....we must build more homes" alongside the other verse "first time buyers...priced out of the market...affordable housing". The solution has been the relabelling of first-time buyers to 'right/help/rent to buy' and tightening controls on housing associations which make them less appealing to developers so sadly this may have a counter effect to building more homes. However, the Government has relaxed planning law for building on brownfield sites and for the individual home owner, which is very welcome.
Clearly Cameron is sticking with his belief that innovation will drive us forward as a nation economically, but also it seems in terms of housing, something I am 100% in agreement with. As Osborne recently said, “the Government wants to inject innovation into the process of home buying, ensuring it is modernised and provides consumers with different and potentially quicker, simpler and cheaper ways to buy and sell a home".