Latest News

Lack of direct financial support for the sector in the Budget

03 March 2021

The Chancellor of the Exchequer, Rishi Sunak, has announced a number of measures affecting the property industry in the UK Government’s 2021 budget, but Propertymark believes more should be done in order to tackle COVID-related rent arrears. Read More...

Calls continue for a Welsh Housing Survey

03 March 2021

Propertymark is continuing to back the National Residential Landlords Association’s (NRLA) in their campaign for the introduction of a Welsh Housing Survey (WHS). Laura Jones MS, Welsh Conservative Shadow Housing Minister, and Mike Hedges MS, Welsh Labour Chair of the Cross Party Group for Housing recently backed the calls by stating that “a Welsh Housing Survey is needed as evidence-based policymaking should be taken as standard.” Read More...

Surge in the number of prospective tenants seeking properties

26 February 2021

ARLA Propertymark’s first Private Rented Sector Report of 2021 covering January shows the number of new prospective tenants rose by more than 27 per cent compared to December 2020 indicating no sign of demand slowing down. Read More...

Renting Homes (Amendment) (Wales) Bill introduced

24 February 2021

The Welsh Government has announced the introduction of the Renting Homes (Amendment) (Wales) Bill which extends the minimum notice period from two to six months alongside other new provisions and will be implemented before the end of its current Assembly (May 2021). Read More...

The future of virtual tours

Monday 01 February 2021

Propertymark Industry Supplier, Made Snappy discusses the different uses of virtual tours and the positive impact they will have on the property industry over the next five years.

Conversions and maintenance

Virtual tours are a time-saving tool for conversions. Property developers use virtual tours to get rough quotes from contractors without booking appointments to meet on site. This is especially useful if they haven't purchased the property, or don't have access before completion.

Once a refurbishment or conversion is underway, tours are used to update offsite parties. At the end of the conversion, a before and after virtual tour can show off the project.

View a virtual tour of a 9-flat conversion in Plymouth, that is being submitted by the council for a national building award. The tour also helped the developer win a dispute with a surveyor and get a mortgage approved with an underwriter.

Another use of virtual tours is for maintenance and helping contractors understand what needs to be fixed in a property before having to assess in person.

Inventories

Virtual tours provide fast inventories. Before and after tours record the check-in and check-out of a property, allowing them to be quickly compared for issues. This will become more widespread as inventory comparison features of virtual tour software continues to be developed.

Virtual tours could reduce a check-in inventory to less than 30 minutes, even for large properties, and the tour can be repurposed for use the next time the property is advertised.

This technology has already been used in deposit disputes with DPS and we will see an increase in its use as the technology adapts and improves.

View an example of a refurb with photos before and mid-project to show how easy it is to see changes in a property with this technology here.

Agents

Agents use virtual tours to qualify viewings, ensuring viewings are made with serious buyers and renters only. Agents use virtual tours to rent properties with no in-person viewings, to help people who are moving long-distance to see local property listings, to reduce their viewing-to-offer ratio, and to win instructions by impressing vendors.

Virtual tours get properties out to a much wider audience online. Check out a virtual tour of a property for sale here.

Building control and licensing

Virtual tours allow councils to inspect properties remotely and keep records of properties such as listed buildings.

Some councils have passed licenses on HMOs just off the back of a virtual tour and without an in-person inspection of the property, view an example here.

Tourism and historical preservation

Virtual tours can preserve historical sites and properties of interest so that people can view them online while preserving the site. Virtual tours have been created of famous castles and islands around the UK.

Here's a virtual tour of the famous Drakes Island in Plymouth that has been closed to the public for decades.

Find out more

Virtual tours are incredibly versatile and have huge benefits for the property industry. If you would like to know more about virtual tours, check out our website.