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Estate agencies, cafes and restaurants should be first to re-open, says report

Report by leading business figures recommends that property industry is key economic 'multiplier' and should be one of first sectors to resume trading.

Nigel Lewis

estate agency

An independent report that recommends how to ease the economy out of the Coronavirus crisis has said that estate agents should be one of the first business sectors to resume trading.

Written by Conservative peer Lord Ghadia and GlaxoSmithKline’s chairman Sir Jonathan Symonds, the report has been submitted to ministers as they seek advice on how to revive the economy without compromising the nation’s health.

The report says that estate agents are one of the groups of businesses who have the widest potential impact as economic revival ‘multipliers’ but with minimal risk of spreading infection among the population further.

Estate agency branches re-opening would be joined by restaurants and coffee shops as the government tries to prepare the population to ‘learn to live’ with Covid-19 in the coming months prior to a vaccine being developed in approximately 18 months’ time.

Full time work

These businesses have also been highlighted in the report because they would stimulate the agriculture sector in the UK as well as returning thousands of furloughed staff to full-time work.

The report by Ghadia and Symonds comes just before an expected announcement this evening by the government that the lockdown is likely to be extended for another three weeks until May 7th.

It is also likely that primary schools will be allowed to re-open on May 11th.

“We need to avoid a stop-start economy which would sap public morale and damage business confidence yet further,” the report says.

Read more about the Coronavirus crisis.

April 16, 2020

2 comments

  1. Not wishing to pour water on the fire, but can anyone explain how you can re-open an industry that relies, generally, on sending at least two people to someone’s house to take it on and then on other people going into each others’ houses to view and at the same time minimise the risk of spreading the infection?

  2. I agree – but there has to be joined up thinking here! Solicitors and Government agencies dealing with property searches and registration also need to reopen.

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