12 Sep Sustained Increase In Property Demand And Viewings
With the stamp duty holiday in place, it appears as though the level of demand for property, which has bene in effect since the housing market re-opened, has been sustained. At Anthony Jones, we are pleased to say we have welcomed many Darlington vendors and prospective buyers planning their next move in the housing market.
We also stay in touch with the latest market studies and findings. There has been a raft of data which proves the sustained increase in property demand and viewings. If you are looking to make an informed decision in the housing market, contact Anthony Jones, and we will be more than happy to assist you.
We follow what is happening across the UK housing market
Information provided by the property group Andrews for July 2020 suggests:
- Viewings rose by 29% compared to the previous months’ viewing figures
- Physical viewings increased by 45% in comparison with the previous month
- In July 2020, there was close to 6,000 viewings, which equates to around 200 viewings per day
- In April 2020, the average was 20 viewings per day
- There was a rise of 12% with respect to offers made and accepted by vendors in July 2020
- Instructions rose by 22% in July compared to June figures
David Westgate, is the Group Chief Executive at Andrews Property Group. David said; “What a difference four months makes. In April viewings and instructions across the industry fell off a cliff as the country was gripped by coronavirus and the Government asked us to stay at home. But the rebound has been swift as lockdown eased and the Chancellor’s stamp duty announcement at the start of July gave the market a timely boost.”
While there has been a lot of focus on the importance of the stamp duty holiday for buyers, it also helps vendors. When you know there is a lot of buyers looking for homes, you will feel more confident about entering the market.
We can help you connect with buyers
If you are a Darlington homeowner and you plan on selling your home, please get in touch. We will arrange a property valuation for you, and this should provide you with the ideal starting point in selling your home.
David also said; “Buyers and sellers alike have shown renewed vigour in the past six weeks. With a lengthy window of opportunity to purchase before the stamp holiday comes to an end, we expect buyer activity to remain buoyant over the coming months. And we saw an immediate uplift in valuations and instructions since stamp duty was frozen, with sellers keen to take advantage of motivated buyers and more confidence to list thanks to stable house prices.”
With the country in recession, it is natural for people to have concerns about the housing market. However, with assistance from local professionals, it is possible to make a move that is right for you. We look forward to helping you as best as we can.
If you are looking for help with any matter of the Darlington property market, it is best to speak to property professionals. No one knows for sure what is going to happen next, so we won’t claim to have all the answers, but the Anthony Jones team is keen to help you as best we can. If you would like to contact us over housing matters, please call us today on 01325 776424.