Busy Start To 2021 Housing Market
21st January 2021 posted in Sellers Buyers
If you are looking for information regarding housing market activity, it makes sense to look at what Rightmove says. As the leading property portal in the country, they will always have useful information to share.
Therefore, you should take the news Rightmove are discussing an extremely busy start to 2021 as a sign of people being active right now. The company says this has been their busiest start to a year ever!
The leading property portal says that buyer activity has created a 30% year-on-year increase.
People still want to move home in 2021
With the stamp duty holiday still in place, there are people looking to arrange a property deal before the deadline approaches. It will be tight, but there are always people leaving things to the last minute.
Also, the new lockdown will have caused many people to further re-valuate what is important to them as per their home.
We remain open to help you in and around Stoke Newington
At Hunters Stoke Newington, we are currently open, and please remember the housing market is still in action during the lockdown. Your safety is our top priority, and if you need any assistance, please get in touch.
The figures provided by lockdown suggests for Tuesday 5th January and Wednesday 6th, there was an 11% increase in buyer enquiries. There was also an increase in the rental market of 22%.
We can help landlords in Stoke Newington too
There is prominent demand for rental property too, so if you’re a local landlord, make sure you get in touch with us. We are not only here to assist buyers and vendors in the local market, we look to provide landlords and tenants with support and guidance.
We know the start of 2021 has proven to be a challenging one, but there are reasons to feel more optimistic as we look forward. If you would like to move, and you need support, please get in touch, and we will be more than happy to assist you.
Tim Bannister, Rightmove’s Director of Property Data, comments: "January is usually one of our busiest months of the year as people start to make new year plans to move, as was the case at the start of last year when we also had the post-election bounce that gave hope of an active spring market, before that all changed with the temporary closure from March until May. We didn’t know how this year would start with so much change and uncertainty around restrictions, but it’s been reassuring for those people hoping or needing to move that the demand we’ve seen so far is the highest we’ve ever had in January.”
"The housing market has been allowed to stay open during these latest lockdowns and agents have already spent months working in a covid-secure way and creating a number of property videos, so buyers and renters starting out on their search this year will find that, alongside the safe viewing protocols, more agents are offering virtual viewings to help buyers and renters better shortlist the properties they want to go and see."
If you need any help or guidance regarding property matters, please get in touch. As your local housing market specialists, we will do what we can to ensure you make your next house move in style. Contact Hunters Stoke Newington today for all your housing and letting needs.