LSL Land & New Homes,
part of LSL Property Services Plc, is undertaking a major expansion of its part
exchange property business, an industry website reports.
Property Industry Eye says
that the business is doubling staff numbers in its part exchange business and
introducing a new IT system, as well as relocating to new offices, in
anticipation of rising demand for part exchange and assisted move schemes.
Helen Buck, LSL Executive
Director Estate Agency explained: “Whilst our clients already benefit from our
association with a UK-wide network of estate agency brands, to support them in
finding buyers, as well as our association with service providers such as
e.surv chartered surveyors, we appreciate that speed and efficiency of handling
client applications is key.
“In response we have invested
in new premises, increased staff numbers and will shortly introduce a new IT
infrastructure to help our clients further and ensure that they in turn can
respond to their customers’ needs faster.
“It heralds a new phase in
our development and demonstrates our determination to make our part exchange
hub the ‘go to’ place for house builders who are looking for part exchange
and assisted move support.”
Although in the scheme of
things this is a small expansion it is an interesting development for the
housing market generally, as well as LSL: It could suggest that the property
market over the next few years could be quite challenging, leading more sellers
as well as developers to favour the part exchange route. An added dimension,
perhaps, is that it will help keep LSL’s estate agency brands stocked with
resale properties and fend off competition from the online agents.