June 1, 2020
Property Market in Lockdown?
Two weeks ago today, we formally reopened our doors for both Sales & Lettings, and the demand has been simply incredible. A huge number of enquiries, viewings and offers being agreed to both sides, the effects of the property market coming out of lockdown have been noticed.
This afternoon, Rightmove have reported their busiest EVER day on Wednesday 27th May, surpassing six million visits for the first time and up 18% on the same Wednesday in May last year.
• Search is turning into action with record levels of email and telephone leads sent via Rightmove, also up 18% on the same day last year.
• Over a quarter of people (28%) who were not planning a move before lockdown are now entering the market.
So what does this mean for Landlords? If you have a property coming available very soon, the demand from potential new tenants is massive and you would be wise to capture the market now!