Reader Survey: How is Covid-19 affecting the property market and your business?

We’ve been in lockdown for three weeks already, and there’s at least three more weeks to come – possibly a lot more.

Within hours of the Prime Minister imposing restrictions on our business and social lives on 24th March, estate agencies shuttered branches, building sites closed, marketing activities paused, and property transactions reduced to a trickle.

PrimeResi wants to hear from our industry insiders about how the lockdown is affecting the property market and your business. Please take a moment to fill in as much of the survey below as you are comfortable with.

Your responses will help us build a picture of the state of the industry in these unprecedented times, which we will be sharing with readers next week.

Questions are in two parts: the market and your business. You can choose whether to answer each section publicly (you may be named and quoted in PrimeResi), or anonymously (we will never associate your name or company with responses to questions in the relevant section).

Your name*
First Last
You company*
What field do you work in?
Please select your principal business specialisms.
Section One: The market
How has the prime property market been affected by Covid-19?
Answer this market section publicly?*
Please choose one:
- PrimeResi can name and quote me in relation to this survey.
- Make these responses anonymous (your name and company will not be shared or associated with the following questions).
How long do you think it will take property prices to fully recover from the Covid-19 lockdown?
How long do you think it will take residential transaction numbers to fully recover from the Covid-19 lockdown?
How does the current Coronavirus crisis compare to the Global Financial Crisis (2007-8)?
Are there any long-term ramifications of this crisis for the UK's prime property market?
Sales and/or lettings
What do you predict will happen to the prime residential property market once the lockdown is lifted?
E.g. Transaction levels, pricing
Section Two: Your business
How has your business been affected by Covid-19?
Answer this business section publicly?*
Please choose one:
- PrimeResi can name and quote me in relation to this survey.
- Make these responses anonymous (your name and company will not be shared or associated with the following questions).
Are you still working in property through the lockdown, or have you paused business activities?
How concerned are you about your firm’s financial position, if the lockdown continues through May?
What practical steps have you taken to adapt to the lockdown?
Please select as many as are relevant.
Other practical steps
Please describe any other practical steps that you or your business has taken to adapt to the Coronavirus lockdown.
Has your business received or applied for any of the Government's Coronavirus support schemes?
Details of schemes are available here: https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19
Have you or are you planning to furlough any staff?
What proportion of your total workforce has been furloughed already?
Rough estimates are fine.
Please enter a number from 0 to 100.
What percentage of staff do you anticipate furloughing if the lockdown continues through May?
Rough estimates are fine.
Please enter a number from 0 to 100.
Do you expect your company to make any permanent redundancies as a result of the Coronavirus lockdown?
How long do you think your business can survive the current level of lockdown?
What short-term effects will the crisis have on the business of property?
E.g. will we see more or fewer independent brokers; what technologies have been fast-tracked?
Will the current crisis have any long-term effects on the business of property?
E.g. will high street estate agency branches become obsolete? Will remote working becoming more popular? Will more new developments incorporate more wellness - or even social distancing - amenities?
Is the government doing enough to help the industry through this period? What would you do differently?
Consent*
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