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Property Market Bounces Back With Resilience

A review of the property market since lockdown restrictions were lifted on 15th May indicate a buoyant property market, and demand is strong. 

The property market has bounced back with resilience since the market resumed after lockdown on 15th May 2020. Rightmove headline figures attest that demand and buyer confidence is strong, with no sign of a significant price dip, the online portal suggests that on average buyers are agreeing to pay 97.7% of asking prices, with 40,000 new sales agreed since the housing market reopened.  

Despite mortgage lending being more stringent for first time buyers, in general they are making up a healthy percentage of viewers. Essential staff and key workers are taking advantage of generous discounts, and attractive incentives being offered, particularly by house builders for new-build homes. 

It has been an extremely busy month at Property Ladder Group, valuation enquiries have been surging in at a phenomenal rate, viewing levels certainly concur that the housing market has sprung back into action and buyer confidence is robust. The team were delighted that our first property placed to market after the return of lockdown, sold within 24 hours of being listed. This trend is continuing week on week. 

We value our relationships with estate agents, we take time to review the market at valuation stage and aim to work with 3 proactive selling agents, throughout the process until a sale is achieved. Our formula is tried and tested, we market with 3 local estate agents, thus ensuring optimal exposure to allow for an increased level of viewings, which convert to offers, allowing PLG to negotiate the highest possible sale price.  

Property Ladder Group are a one stop property powerhouse. Our friendly and experienced team are here to manage property sales, in a compliant, cost effective and stress-free manner. We work with house builders to manage their outsourced Assisted Move and Part Exchange enquires. We produce HMRC compliant probate valuation reports and manage onward probate property sales, from the initial valuation through to legal completion. 

We have a no sale, no fee ethos. Our Essential Extra Service is designed to save legal representatives time and money. The team will be pleased to obtain quotations and manage contractors until satisfactory completion of all works. To find out more and start your journey on the property ladder give us a call today on 0330 124 7434.