What the experts say on the property market

27th May 2020 posted in SELLERS LANDLORDS BUYERS

With the Government greenlighting the housing market to operate, many people are looking for guidance on how the market is performing. We work closely in the local market, but we also pay attention to what is happening nationally in the housing market.

Therefore, we are happy to provide you with insight from a range of experts, on some of the leading issues in the housing market today.

Rightmove is a leading name in the UK housing market, and they are experiencing an upsurge in the market right now.

Miles Shipside, a director at Rightmove, said; “The traditionally busy spring market was curtailed by lockdown, but we’re now seeing clear signs of returning momentum, with the existing desire to move now being supplemented by some people’s unhappiness with their lockdown home and surroundings.”

Virtual property tours will remain important

Virtual viewings have also been an important topic in recent weeks. Miles Shipside of Rightmove said; “That content will also prove to be effective to highlight homes that have suitable spaces for working from home, which may now be towards the top of must-have lists for many buyers whose commuting life has been curtailed for the foreseeable future. Conversely, proximity to stations or motorways and short journey to work times may become less important.”

Mark McCorrie is a Software Director at Made Snappy, a virtual tour company, and he said; “The lockdown has understandably forced more agents to embrace virtual tours, particularly on the lettings side. Our analysis also reflects the quicker restart of the lettings market compared to sales, which will be much slower to get started. With the market now up and running, we expect the number of portal listings with virtual tours to increase even further as more agents will be operating at full capacity over the coming weeks.”

Will the lockdown impact what buyers want in a property?

It is not unreasonable to suggest how we deal with COVID-19 will influence our behaviour in many ways. With people valuing external space at home, and with remote working becoming more commonplace, buyers might prioritise different aspects of what appeals to them about a home.

Miles Shipside of Rightmove said; “We already saw some early signs of people enquiring more about out-of-city areas so it will be interesting to see if this leads to a change in where people choose to buy now the market has been unlocked.”

Iain McKenzie is the CEO of The Guild of Property Professionals, and he said; “It is not surprising that in these times of lockdown when we have limited time away from our home’s that gardens and outdoor spaces would be a priority for both homeowners and tenants. And in fact, we could see this continue to be a must-have after restrictions have completely lifted.”

In line with Government guidelines, our Royston branch has reopened and is again staffed with sales and lettings personnel.  If you have any queries or need advice on property sales and lettings then please call 01763 245121 or email royston@country-properties.co.uk.