LSL Expands Part Exchange Operation

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.

Source Property Industry Eye
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