Housing market sees busiest ever start to a year
If you’re looking to move in 2021, read on to find out why so many people are choosing now to start their home search…
We know this because we recorded our busiest ever start to a new year, with visits to our website up 30% on the same time period in 2020.
The impending end to the stamp duty holiday, more people re-evaluating where they live and the housing market staying open have all contributed to this record start to a calendar year.
People contacting estate agents about a property to buy is also 11% higher than at the start of 2020, and those enquiring about a property to rent is up by 22%.
Our resident property data expert Tim Bannister explained that these high levels of demand are hugely reassuring for people who are looking to move.
He said: “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.”
READ MORE: Housing market to stay open during lockdown
The header image for this article comes courtesy of Truepenny’s Property Consultants.