< 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

The green shoots of personal growth

Put some bounce into spring with a new hobby   So here we are, spring already: the season of new birth, new growth … and new ideas. It’s an exciting time of the year, even more so if you’ve decided to broaden your horizons and embark on a new hobby. As the weather, hopefully, grows …

Read more...

Rave on! Putting a new spin on virtual experiences

Five things to look out for this month to put a spark into your weekends   Pssst! Wanna go to a rave? Don’t worry, this one’s totally legit and even though, like any good party, you’re going to have go looking for it, you won’t be breaking any lockdown restrictions. Because it’s in your own …

Read more...

The Budget: Stamp Duty Holiday extended and more…

The Chancellor has set out the 2021 budget and here we look at what it means for the property market.   Earlier today, Rishi Sunak set out one of the most significant budgets in recent times. It has been highly anticipated by the wider public and the property market alike. Here we are going to …

Read more...

Keep on keeping on Britain

We’re inching ever closer to the end of lockdown   Just like the last fifty-yards in a marathon or when the open goal is staring into your face, looming larger than ever, now is the time to take a deep breath, regain your composure and push through the hardest test. Now is not the time …

Read more...

The Big Names Bringing Out New Music

As we enter March, the music keeps on coming, as we welcome new material from some of the biggest acts around the world   Kings of Leon This year sees Kings of Leon release a new album. Back in January, the Tennessee quarter shared two new songs ‘Must Catch the Bandit’ and ‘Feel the Way …

Read more...