< Back to blog

Optimism in property market increases Posted On 24 January 2020

Since the election back in December, recent statistics have shown that there has been increased optimism in the property market from buyers and sellers alike.

Between the period 8th December and 11th January, almost 65,000 properties were marketed. And with the election having been held on 12th December, many of these were marketed after the election: signalling optimism from new sellers.

But it’s not just sellers feeling optimistic; from 13th December to 15th January, enquiries to estate agents were up by 15% compared to the same period the year before.

“These statistics seem to indicate that many buyers and sellers feel that the election result gives a window of stability,” comments Miles Shipside, Rightmove Director and Housing Market Analyst. “The housing market dislikes uncertainty, and the unsettled political outlook over the last three and a half years since the EU referendum caused some potential home-movers to hesitate.

“There now seems to be a release of this pent-up demand, which suggests we are in store for an active spring market. The early birds are on it, with over 1.3 million buyer enquiries to agents since the election, up 15% on the same period a year ago.

“Some buyers are even further ahead and have snapped up a property already, with the number of sales agreed up by 7.4% on this time last year.”

< Back to blog

Connect with us

Recent Posts

Deadline Day Approaches – Who Could Make a Late Move this Summer?

After being told that the financial impact of coronavirus would halt the big-money transfers this summer, it has been somewhat surprising to see that several high profile players have arrived in the Premier League. So with that in mind, what players might make last minute moves, before the window closes on October 5th?   Rhian …

Read more...

Stamp Duty Holiday: Don’t miss out!!!

The property market is thriving, however, with current restrictions, buyers and sellers are experiencing delays to reach exchange and completion.   While the property market is increasingly busy, and a record number of sales are agreed, with some delays in the local searches and mortgage applications, families are finding that reaching exchange and completion isn’t …

Read more...

Sell your home fast by taking the advice of your agent…

Houses that are marketed at the advised initial asking price are more likely to sell faster than those that need to be reduced… The Stamp Duty Holiday ends in six months, on the 31st March 2021, and if you’re hoping to move before the stamp duty deadline, we’d like to share some brilliant, eye-opening advice …

Read more...

New Government Restrictions Announced

Six months after announcing the original Lockdown, Boris Johnson announced new restrictions to curb a second lockdown…   Last night, Prime Minister, Boris Johnson, announced new restrictions which will last a further six-months and has warned the public to follow them to avoid a second national lockdown.   The new restrictions include a 10pm enforced …

Read more...

Get your property market-ready and looking sharp this Autumn.

With the Stamp Duty Holiday due to end in March, and the time it’s taking for a purchase to go through, get your property market ready today!   When it comes to marketing your property, the first thing buyers look at are the photos. Good photos of your property can have a huge impact on …

Read more...