The government’s announcement in mid-May that property viewings could recommence in England has enabled the comatose London property market to slowly come back to life….
As expected, there is speculation about how the property market will fare and what implications this lockdown will have on the wider economy, short, medium and long term. The reality is that no matter what people say, we are all in unchartered waters.
London is in lockdown but the housing market has still managed a strong start of the new year.
Currently, demand for property, especially outside Central London, continues to be strong and is seeing the biggest price surges.
The phone may not be ringing as much but Rightmove has reported visits to its site are up by 33%, inquiries to agents up 12%, and the numbers of actual sales are up 9% compared to January last year. Buyers are definitively more committed and efficient.