This week Property Wire have reported that the ‘Housing market activity is bouncing back to higher levels than before the lockdown based on home sales, demand and house price growth’.
The article discusses how the number of agreed sales has rebounded by 4% between March and May and house price growth has risen to 2.4% in May, up from 1.6% at the start of the year.
Buyer demand in May was 46% higher than in early March, when demand for housing fell by 70%.
At Batcheller Monkhouse all our offices based across the South East in Battle, Haywards Heath, Pulborough and Tunbridge Wells have reported huge amounts of activity in both sales and lettings.
The article goes on to discuss how it is believed the property market in the UK is likely to boom with a rise in sales and demand;
Rob Bence, CEO at Property Hub, said: “A 4% rise in sales against pre-COVID levels isn’t surprising. The government hit pause on the market back in March but we’ve since opened up to around three months of pent-up demand. I don’t think we’ll see this demand weaken just yet, particularly not from buy-to-let investors who are as active as ever. House prices are unlikely to take a significant hit any time soon. If anything, the stimulus the government has created in response to COVID-19 is more likely to create one of the biggest property booms the UK market is ever likely to see. That financial stimulus won’t disappear – and neither will the drive for property purchases. As the world starts to return to normality, confidence will resume and the market will gather pace and accelerate at a faster pace than before lockdown.”
To read the full article click here.
Our clients will always receive a truly bespoke service provided by a dedicated and highly experienced Partner-led team. Our services include Estate Agency, Equestrian and Rural Agency, Lettings, Estate Management, Valuations, Planning and Telecommunications. Offices in Battle, Haywards Heath, Pulborough and Tunbridge Wells.