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Property market remains confident despite lockdown
| Author: Craig Bees | Published: 5th May 2020 11:59 |
Lockdown Property - viewings only available on-line until lockdown is relaxed
With signs of the lockdown being relaxed in the next few weeks, there was more positive news on the property front with a survey indicating good times ahead for buyers and sellers.
A Rightmove survey has shown that four in ten (40%) buyers and sellers said they were going ahead as planned with over half (54%) adding that whilst they have postponed their plans for now, they were planning to continue post-lockdown.
The number of visitors on the property website initially dropped by 40% at the start of lockdown but have been recovering slowly over the past few weeks. Last week they are up over 20% compared to the first few days of lockdown.
So the message is clear - buyers and sellers want to continue with their plans once they are able to.
The survey also showed that some home hunters may be considering not just a new home but a new location with city dwellers especially keen to move, including the nation’s capital. This time last year, 42% of London’s capital property enquirers were looking to move outside of the city and this has now risen to over half (51%).
There is a similar trend in Edinburgh where 60% of residents are looking to move outside (up from 53% a year ago) whilst in the Second City, Birmingham, half of those living there are enquiring inside the city and half outside the city, up from 45% looking outside in 2019.
There have been similar shifts in other cities including Liverpool, Sheffield, Glasgow and Bristol.
The numbers show that it’s not unusual for there to be a large proportion of people planning to buy outside the city they’re living in, especially if they’re looking to get value for money. Since lockdown, we’ve seen a notable shift with more people contemplating a move outside their city.
This is all good news for Towcester and South Northants in general given the area’s proximity to mainline stations and the motorway network. With a national sales office in Park Lane, London and marketing targeted at commuter buyers, when the UK starts to return to normal, we are expecting a spike in out of area enquiries.
Why not visit our website and use our free valuation tool or email towcestersales@bartramandco.co.uk and we'll give you a call, take some property information and carry out a desktop valuation for you.
Help to Buy Scheme: still available on all Moat Lane development properties in Towcester with part exchange also considered. Contact us on (01327) 359164.
Monthly draw: your chance to enter May’s draw for the chance to win a case of Italian wines (red/whites/mixed) or a one month’s membership at Whittlebury Hall Leisure Club.
How To Enter: every valuation and instruction for sale or rental between now and Wednesday May 27 2020 will be entered into the draw, the winners being notified by e-mail.
If you’re thinking of selling or letting your property and want to win one of these great prizes on offer call (01327) 359164 and speak to our sales or lettings team.
Until next time.
Craig Bees, MD Bartram & Co
E-mail me at craigbees@bartramandco.co.uk
Visit our website www.bartramandco.co.uk and follow us on Twitter@bartramandcotow
Tel: (01327) 359164
Fax: (01327) 359166
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