Forecast is made by Scotland's largest and best-known estate agency Rettie & Co as it also predicts 35% drop in sales transactions this year.
Read MoreCoping with Coronavirus: “Yes, we’re still busy despite the lockdown”
Neil Urch, MD of House Fox Estate Agents in Weston-super-Mare sees a silver lining to the crisis – despite the desperate current state of estate agency.
Read MoreLand Registry website activity drops by 10% as Coronavirus slowdown hits
Latest data from the government department reveals the first effects of the crisis in official data.
Read MoreLettings agency criticised over ‘insensitive’ remarks to tenants about rent reductions
Case of Tower Quay properties and its negotiations with tenants within a block owned by three corporate landlords reveals the minefield agents face during the Coronavirus crisis.
Read MoreCoronavirus crisis WILL change the way estate agency staff work when it’s over
Leading London agent says he is already planning to offer his staff more flexible working practices when they return to their branches.
Read MoreFoxtons furloughs some staff and cuts pay for rest as revenues slump
The agency is battening down the hatches and planning for all eventualities including a Coronavirus 'worst case scenario' and is therefore raising extra cash from the City.
Read More20% of renters due to lose jobs during Coronavirus crisis, warns leading charity
Shelter's research among renters reveals how many live hand to mouth and will struggle to pay for the basics in life if they lose their jobs, including their rents.
Read MoreEstate agency ‘not eligible’ for Coronavirus grant after making common administrative error
Inverness-based Remax franchisee Tony Lister has enlisted the help of his local MSP after he was told the 'desperately needed' cash is not forthcoming.
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