ARLA Propertymark CEO, David Cox, shared his thoughts on the industry’s future as part of a Goodlord webinar yesterday morning.

In the process he revealed that he is aware of a police prosecution “under the Coronavirus Act” of an agent who carried out physical viewings two Saturday’s ago on a property during lockdown.

Apparently a neighbour complained that the agent “was doing several viewings” of the next door property and the police took action.

Cox did not reveal the name of the agent or where in the country the viewing had occured but said “I would strongly not recommend doing physical viewings at the moment.”

EYE asked David Cox for further details, as this is the first time we have heard of such action, but he was unable to elaborate.

We’d like to hear if readers know of any other instances.

In other sections of the webinar Cox expressed the view that the industry response to the crisis has been “exceedingly professional” and he believes that the enforced nature of the market slowdown will, unlike the situation in 2008, lead to a massive release of pent up demand once restrictions were lifted.

When asked by Goodlord CEO William Reeve if he expected to see a bounce back, Cox commented:

“There’s clearly a massive amount of pent-up demand in the market.

“Our message is just put everything on pause – don’t cancel it.

“The first Friday out of lockdown is probably going to be one of the biggest moving days in the lettings industry’s history.”

Cox went on to strongly advise that agents invest time in planning their post-lockdown strategies.

Agents should focus on how they will handle the “first seven days back”, when the market is predicting a surge in new tenancy applications and need to assess the capacity requirements and logistical changes that will be required to respond to that demand.

During the discussion, Cox cautioned against forgetting about the wider legislative changes scheduled for 2020.

“Sooner or later, the Government is going to go back to its normal course of business”, he warned, citing the need to be prepared for the abolition of Section 21, Electrical Safety Regulations on new tenancies, which he noted would still be coming into effect on 1 July, and the Regulation of Property Agents (RoPA).

Cox allso believes the coronavirus crisis will drive further legislative change that agents and landlords must prepare for, and he urged the industry to be proactive:

“[Post-crisis] I think they’re going to be looking at more regulation of landlords.

“I think we will go into a much tougher regime on property standards.

“We are trying to get out ahead of that with the concept of a property MOT; if we can try and shape what comes next, it’s going to be much easier for the industry to accept than to have a whole collection of laws thrown at us like we have over the past 10 years.”

Long-term, Cox believes this crisis “is going to change the market quite significantly”, with many of the old ways and industry habits falling by the wayside as a result.

You can view the webinar here.