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NO SIZZLING START TO SUMMER, BUT THE PROPERTY MARKET HEATS UP NICELY

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By Stephen Parsons MNAEA, Director of Residentia

As we gently and safely ease ourselves out of the lockdown, whilst observing the Government Guidelines, a surprising number of new buyers as well as ones that were registered with our offices before we locked ourselves away, are eagerly looking to make up for lost time and secure purchases before the end of the school year and when the traditional holiday season might have started.

In the three weeks or so since we have been back trading more normally, we have seen new buyers and viewing numbers pretty much returning to pre-covid levels, with many new sales being agreed in all price ranges. The number of buyers looking for flats and apartments has certainly surprised us, but it is a very welcome and significant boost, as the activity lower down the market stimulates and fuels the middle and upper ends. That said, we have also made some significant new sales of more expensive properties during lockdown and just after it, which include a £7M sale just off Parkside, a trophy house in the Village and two sales at around the £2.5M mark have just been agreed on quick turnaround exchange targets. We were also fortunate enough to re-agree a sale that fell through during lockdown almost immediately to a new buyer who, despite the hurdles, was able to exchange contracts in only 14 working days!

With the number of sales currently progressing and much lower volumes of new properties coming to the market, stock is in short supply, so if you are considering selling, this would be a great time to market your property.  Because of the need to keep our clients, as well as our employees, safe at the forefront of our minds, we are now able to offer virtual valuations as well as physical valuations for prospective sellers.  Also as part of our service to new clients we can now offer not only professional photographs and floorplans but also virtual tours which are vital to show the property in its best light, whilst helping to reduce the number of physical viewings, keeping everyone safe and protecting our wonderful NHS and easing the strain on front line workers.  Should you be interested in booking either a virtual or physical valuation of your property then please click Here

If you would like to know more about how we are dealing with our work post lockdown or to get more information on the property market in general and some of the fantastic buyers that we have registered, then please contact me direct at sparsons@as-r.co.uk or call me on 0208 971 6780 so that we can see how we can help you.

 

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