We have previously reported that the level of interest shown in moving home during lockdown was a sign that there was real confidence in the property market, despite the challenges, and as a result we have found many people putting themselves in ‘pole position’ for when restrictions were lifted.
That confidence has proved to be well founded because since the property market effectively re-opened, enquiries, viewings and sales have shot through the roof.
Many of our branches agreed sales on more properties in the 10 days after the market ‘re-opened’ than they did for the last full month pre lockdown, itself a busy period, with ‘hotspots’ including North Essex, Colchester, Shenfield and Brentwood, Havering, Chelmsford and even less densely populated areas such as Ingatestone and Maldon.
Online chat provider, Yomdel, have echoed this trend saying that demand for estate agency services has ‘smashed all records’ with enquiries from landlords, tenants, buyers and sellers all significantly above pre Covid-19 levels.
In a statement, Yomdel founder and CEO Andy Soloman said “With economic activity grinding to a halt under lockdown, it has been clear for several weeks now that people were simply sharpening their running spikes ready for when they could get moving.”
Beresfords CEO Paul Beresford agreed, adding “We have seen exactly the same with sellers and landlords taking up our virtual valuation service and buyers and tenants using virtual viewings all with the aim of ensuring they were in the right place at the right time when that time came.
“Our mortgage division, Flagstone Financial, has also been really busy using tech platforms such as Microsoft Teams, Skype and Facetime for ‘face to face’ conversations with clients and it has to be said that local solicitors have been playing their part too in working from home to progress sales and enable people to move at the right time.”
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