© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
Despite the severity and depth of the recession, the role of the residential block manager is not redundant. Residents always need the services of good managing agents, and managing agents always need skilled and experienced staff . Theoretically,even an economic squeeze, the block management recruitment market remains active.
The state of the economy has hit housebuilders hard, so fewer apartments are currently in development. Many managing agents are seeing a decrease in business, and therefore retention of existing instructions is paramount. Competition for instructions is fierce and since the credit crunch, this has intensified.
The loss of an instruction has a nasty habit of breeding uncertainty. Many prefer to stay put with the companies they know.
It is better, they reason, to wait for those much-talked about (but rarely seen) green shoots of recovery to start poking through, before they begin thinking about career advancement again particularly, it appears at more senior levels.
Redundancies in our sector have been few and far between. Yet while senior candidates will always need “prising and enticing” from their berth, for property managers and assistant property managers there are regular requirements and demand. Managing agents are taking their time to find the right person for the job. Frankly, this may not be a bad thing because standards improve and there is a greater likelihood of success story for both employer and employee.
Once banks start lending again and fluidity returns to the financial sector then developers and house builders will start again increasing opportunities for managing agents. That’s surely not too much to ask. Is it?