Early signs for 2021 property market look promising

Wed 27 Jan 2021

We are pleased to report at ehB Residential, the year has got off to a great start. Despite the current lockdown, demand for property and moving remains high. With many buyers once again becoming acutely aware of their surroundings as they spend more time at home, space in the family market is highly prized. Working from home is looking likely to be here to stay in some capacity and now with the added pressure of schooling children in the home environment, buyers are keen to plan a move to upsize this year.

We also are starting to see other positive signs in the market, with the Brexit trade deal agreed, previously nervous first time buyers seem to be returning to the market. As the effect of the vaccination programme takes hold, we also predict to see some older mature downsizers feel more confident to enter the market, and start to think about the move that maybe they put off last year.

Rightmove reported on the 18th of January that visits to the website are up by 33%, the number of buyers contacting agents is up by 12% and the number of sales agreed is up by 9% for January so far compared to the prior year. This tallies with our experience, having agreed a good number of quality sales already this year and lots of offers currently on the table being negotiated.

With the property market allowed to remain open in the current lockdown, we are following the necessary precautions by wearing suitable PPE on valuations and viewings. So if you are thinking of moving, make the most of this buyer demand, we have many registered buyers desperate to see what new stock comes into the market now.

We have already agreed 30% more sales this January than the same month in 2020. And really need more houses to sell to satisfy demand, which is particularly strong in the family market from 375,000 – 1,250,000.

Please call to discuss your moving requirements and arrange a market appraisal of your home.