< Back to blog

Lockdown 2.0 sparks a surge in property enquiries Posted On 18 November 2020

New lockdown restrictions in England have increased property market activity, similar to the easing of the first lockdown surge.

 

When the first lockdown restrictions were eased, they sparked a record surge in new enquiries for vendors, buyers, landlords and tenants and over the past week, since Lockdown 2.0 was introduced, the market has seen strong growth once again.

 

Stats from Property Industry Eye show that website visitor volumes were 37% higher than the same week last year, and the number of people engaging with estate agents has also risen 37%. In all, new vendor enquiries, new buyer enquiries and new landlord enquiries were all up on last years stats.

 

This is great news for the property market which has been busier than expected over the past six months, and it looks as though it will stay that way into the start of 2021. It comes as industry groups push for a 6-month extension to the Stamp Duty Holiday which is due to end on the 31st March.

 

With mortgage approvals and legal work taking longer than normal, estate agents, surveyors and solicitors are all calling for the Stamp Duty Holiday to be extended for a further 6-months, which in turn, would yet again boost the market to pre-COVID levels. According to Zoopla, around 140,000 property sales are currently in the pipeline.

 

If it doesn’t get extended, there is still time to take advantage of the Stamp Duty Holiday, but you need to be fast. Luckily, there are plenty of buyers out there at the moment, as well as properties on sale to help build chains.

 

Contact us today, to discuss a FREE valuation and the Stamp Duty Holiday…

< Back to blog

Connect with us

Recent Posts

Figures show healthy start to year for property market

Online giant pinpoints reasons for upsurge hours after hopes to extend Stamp Duty deadline hit a snag   Latest figures show the property market has made a buoyant start to the new year – thanks to the Stamp Duty holiday, virtual viewings and other innovative ways estate agents are helping buyers and renters. Rightmove, the …

Read more...

Low-deposit mortgages return

  A four-fold rise in mortgage products for homeowners with a 10% deposit   Since last summer there has been a four-fold increase in low-deposit mortgage products available. The low-deposit mortgage products, which offer deposits as low as 10%, will offer some relief to first-time buyers.   Last September there were only 44 mortgage products …

Read more...

New Bedroom DIY and Decorating Ideas

Is your bedroom due an upgrade? Check out the hot, new trends for 2021   It’s the New Year, which means new beginnings. Now is the perfect time for a change of scenery within your own four walls. So if you fancy giving your bedroom a makeover, but are stuck on ideas, here are a …

Read more...

Three ways to keep positive during lockdown 3.0

Lockdown 3.0 is proving tougher than the previous two for many, so we have some ideas to keep your spirit’s lifted   There is no denying it, lockdown 3.0 is tough. Families up and down the country are struggling with finances, boredom, loss of ambition and their mental health. Unlike last year, this lockdown has …

Read more...

House of Commons to debate extension of Stamp Duty Holiday

  Big week ahead for home buyers as the Chancellor considers a Stamp duty holiday extension   A petition to extend the Stamp Duty Holiday for an additional six months has reached over 110,000 signatures, and the House of Commons has now confirmed that there will be a debate on the issue.   The Chancellor …

Read more...