< Back to blog

Optimism in property market increases Posted On 24 January 2020

Since the election back in December, recent statistics have shown that there has been increased optimism in the property market from buyers and sellers alike.

Between the period 8th December and 11th January, almost 65,000 properties were marketed. And with the election having been held on 12th December, many of these were marketed after the election: signalling optimism from new sellers.

But it’s not just sellers feeling optimistic; from 13th December to 15th January, enquiries to estate agents were up by 15% compared to the same period the year before.

“These statistics seem to indicate that many buyers and sellers feel that the election result gives a window of stability,” comments Miles Shipside, Rightmove Director and Housing Market Analyst. “The housing market dislikes uncertainty, and the unsettled political outlook over the last three and a half years since the EU referendum caused some potential home-movers to hesitate.

“There now seems to be a release of this pent-up demand, which suggests we are in store for an active spring market. The early birds are on it, with over 1.3 million buyer enquiries to agents since the election, up 15% on the same period a year ago.

“Some buyers are even further ahead and have snapped up a property already, with the number of sales agreed up by 7.4% on this time last year.”

< Back to blog

Connect with us

Recent Posts

Get your property market-ready and looking sharp this Autumn.

With the Stamp Duty Holiday due to end in March, and the time it’s taking for a purchase to go through, get your property market ready today!   When it comes to marketing your property, the first thing buyers look at are the photos. Good photos of your property can have a huge impact on …

Read more...

Rich pickings

It’s time to hit the hedgerows and roadsides for nature’s free feast   We are heading into the season of mellow fruitfulness. It may not seem it in this crazy year, but in what seems like a bat of an eye, we are already into September, a month where we traditionally hang on to summer …

Read more...

Inspirational Books of the 21st Century

  Books help to heal the soul, and at this time, more people than ever are turning to books for comfort…   Just twenty years in, the 21st Century has already gifted us with so many inspirational pieces of literary work, worthy of comment. So we’ve picked five books, of different styles and genres, which …

Read more...

Heads: Wheels of fortune

  The Government’s easing of Stamp Duty has given home-buyers more spending power   When the Chancellor Rishi Sunak announced a Stamp Duty holiday to enable the homes market to breathe life into the post-lockdown economy, thousands of prospective house buyers must have raised their eyebrows and applauded wildly. It meant an estimated nine out …

Read more...

The conker line

It’s a centuries-old game that’s been in decline, but some people still go bonkers for conkers: They can be roasted. You can pickle, bake or coat them in clear nail varnish, but that’s frowned upon. Yet they are best au naturel, teased out of their prickly green case to be skewered, threaded on to a …

Read more...