As it has now been a full month since the re-opening of our office, it has been great to see the demand for premium properties for sale and to let has been steadily increasing. It has been inspiring to see Rightmove and Zoopla release new reports confirming the increase in demand from buyers.
Rightmove reported its busiest ever day on Wednesday 27th May, exactly two weeks after estate agents were allowed to re-open under government guidelines. Their website surpassed six million visits for the first time and visits were up 18% from the same Wednesday in May last year.
They also reported a record level of email and telephone leads into the website, which were also up 18% from the same day last year. In addition to this, over a quarter of people (28%) had not been planning to move before lockdown but have now entered the market and are actively looking for a new home.
Zoopla’s Cities Index Report shows a similar spike in interest, with buyer demand in England spiking 88% in the week after the reopening of estate agencies, which far exceeds pre-lockdown levels. While we are expecting this spike in demand to moderate in the coming weeks, it is a great start to a period that many estate agents were fearing would not show much increased demand. Zoopla also reports that over half (60%) of the potential movers they surveyed are still going ahead with their property plans and are still expecting to move.
With the pent-up demand for properties releasing after so many months of being at an almost complete stand still and two of the biggest property portals reporting such positive figures, we are hopeful for the coming months.
This is the perfect time to put your premium property on the market. Our office in the iconic bank building in Sutton Coldfield has now re-opened and our team of property experts would be delighted to talk you through our sales and lettings services. Get in touch with us today on 0121 362 7878 or email@example.com to see how we can help you.