As estate agents and removal firms get given the official greeen light to re-open, demand for estate agency services has hit the roof. The latest figures suggest that demand for homes has now almost doubled – and enquiry levels from vendors, landlords, buyers and tenants are all smashing the pre-covid levels by a whopping 150%.
“In six years of Yomdel we’ve never seen anything like this, demand just went off the scale and all records were smashed to smithereens. People have been indicating for the past few weeks they need to get moving and now with the lockdown easing they’ve been given a glimmer of light and it sparked a stampede.” ~ Andy Soloman, Yomdel CEO.
With agents experiencing non-stop calls as they struggle to get their offices back open – online channels also are seeing unprecedented levels of use. Property platform Rightmove reported visits to its website rising by 45% following the government’s announcement, with email enquires increasing by 70% – not to mention new listings shooting up, with over 2000 new properties listed in just a few hours.
“These are clear signs that the news from the government has prompted more home-hunters to start looking for their next home, and we anticipate further uplift in activity once agents have time to adjust to the new social distancing guidance specific to the home moving sector.” ~ Miles Shipside, Rightmove’s housing market expert.
It’s tempting to think that all of this increased activity might be indicative of a swift comeback for the rental sector. After all, with landlords returning to market, we have seen rental stock in some areas of the UK surging by up to 44%, which understandably has caused many of those in the rental sector to breath a sigh of relief. Callum Brannan, founder and CEO of Howsy recently offered his thoughts on this:
“We’re certainly not out of the woods yet and the ongoing financial and health implications facing many tenants and landlords will continue to be an obstacle. However, now that we as an industry are able to facilitate them on a greater scale, we can at least start to rebuild momentum in the sector. Now, it’s vital that landlords receive the support and protection they need from us as an industry, to ensure confidence in their investment and to maintain a suitable level of rental stock to meet demand from tenants who rely on these homes in order to live.”
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