Market Update | April 2021
Well, here we are. We made it through to Spring and what an interesting market we find ourselves in now. I think the best word to describe it as is “dynamic.”
This is very much reflected in the number of new customers entering the market which in March was up nearly 90% compared to last year.
Perhaps not surprising when you consider everyone was realigning their priorities in the wake of the first lockdown.
What is a surprise, however, is that enquiries are still up 50% compared to 2019!
It is clear that demand is outstripping the supply of new properties onto the market and, consequently, the knock-on effect to house prices has been quite dramatic.
There certainly doesn’t seem to be any let up for the current demand which appears to be supercharged by the newfound confidence in the market.
There is a sense of a return to normality following the vaccination roll out, along with the significant phased easing of COVID restrictions, all signs suggest it is going to be a busy few months ahead.
Managing Director of Operations