2021 Housing Market Starts Brightly
While the housing market ended 2020 brightly, many people were concerned about how the market would start the New Year.
With another lockdown in place, you would be forgiven for thinking the market was moving slowly, but this isn’t the case. It should be noted the housing market is still open, we are here to help, and your safety is our top priority.
You can review the Government website for the latest guidance on property moves during lockdown, but rest assured we will do everything we can to inform and support you.
We know there is demand for property right now
Also, we have spoken with many prospective buyers and vendors of late. We know there is still demand for property, and we are here to assist you if you need us.
We also keep in touch with information from the leading property portals in the country. According to Rightmove, they have enjoyed their best ever start to a year.
Compared with January 2020, Rightmove have experienced a 30% year-on-year increase, so there is demand for homes right now.
While you might think lockdown will affect buyers, the most recent information from Rightmove suggests otherwise. On Tuesday 5th January and Wednesday 6th, there was an 11% increase in buyer enquiries. There was also an increase in the rental market of 22%.
2021 could be an exciting year
We know the start of 2021 has proven to be a challenging one, but there are reasons to feel more optimistic as we look forward. If you would like to move, and you need support, please get in touch, and we will be more than happy to assist you.
Tim Bannister, Rightmove’s Director of Property Data, comments: "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."
If you are looking for guidance or assistance in the Enfield property market, we can help. At Atkinson Residential, we are estate, land and letting agent specialists, and we look forward to assisting you as best we can. If you would like to arrange a property valuation, please call us on 020 8366 0261, while you can contact us on 020 8342 1234 for all letting enquiries.