Rise in property demand

May 20, 2020

House hunters are raring to go since the government announced the reopening of estate agents across the UK, with the momentum of demand and supply expected to increase.

The leading property portal Rightmove announced that their web traffic surged by an impressive 45% as the housing market reopened, with viewing enquiries also rising by 70%.

Sellers were equally as proactive during this first week, with a 111% increase in new properties coming onto the market for sale on Rightmove, in comparison to the week prior.

Zoopla has also reported that with £82 billion of properties in the pipeline available for sale, the government had given buyers, sellers and renters the confidence to act.

Here at Mackenzie Smith we’re enthusiastic to return to work. Marketing has been busy with plenty of properties going onto the market, as well as properties available to rent.

Our Managing Director, Steve Tetlow, commented;

“The return to our offices late last week enabled my colleagues to deal with the pent up demand we experienced during the lockdown, resulting in a surge of viewings from both buyers and tenants over the weekend and during the early part of this week.

Equally, those clients who had been forced to withhold placing their homes on the market for sale or to let, have now had the opportunity to get moving and we are busy conducting market appraisals across all price ranges, as well as releasing more homes to the market.

With strict protocols in place, we have been delighted with the response and consideration shown by customers when visiting our offices, and following the guidelines, this has provided peace of mind to all parties concerned when we go about our daily business.”

If you would like more information about selling, buying or letting a property, please contact your local branch.

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