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Belvoir is latest big estate agency chain to confirm its branches are open

Company's CEO Dorian Gonsalves tells The Negotiator that many branches are operating a 'by appointment only' policy.

Nigel Lewis

belvoir

Belvoir has told The Negotiator that its network of 170 offices have now opened but that many are restricting public access to their premises.

The franchised agency giant is one of the first of the large corporate brands to reveal publicly that its branch network is up and running again just a week after the government announced that homes moves could go ahead again and that viewings were possible.

Dorian Gonsalves image“Yes, Belvoir offices are open, with some open on an appointment only basis to ensure social distancing guidelines are observed,” says Dorian Gonsalves, CEO of Belvoir (left).

“Some property management functions are still being performed by staff working from home.”

The group says it has been working hard to guide its franchisees and their staff on best practice in order to reopen their branches and has held several training webinars for over 1,000 agents in recent days.

“Franchising is a mutually beneficial business model, and it is in the best interests of the franchisor to ensure that franchisees survive and thrive, which is why Belvoir’s continued investment in training has been a priority,” says Gonsalves.

Belvoir is one of the estate agency PLCs to have survived the carnage on the stock exchange unscathed – it’s share price is has returned to the same £1.20-£1.25 per share range it held a year ago after initially sinking to 89p during the early weeks of the pandemic.

Purplebricks, on the other hand, was at between £1.10 and £1.20p a share prior Coronavirus, but then dropped to 32p a share and has remained there since.

May 20, 2020

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