As we head for late summer, Lynne Lancaster, Head of Estate Agency assesses the property market.
Covid19 hasn’t been the only outbreak this year. There has also been an outbreak of property sales and lettings since lockdown. The press has called the current property market a mini boom but we would call it a maxi boom.

Mini booms occur when there is above average activity. Maxi booms happen when buyers are queueing up, there are multiple offers for most properties on the market, and deals regularly go to best and final offers only to exceed the original guide prices. This is what we are currently experiencing.

The lettings sector has not been left out of this frenzy as there also continues to be enormous demand for rental properties.

Our phones have been ringing off the hook, emails have doubled, WhatsApp also and the numbers of visitors to our website and social media pages have skyrocketed.

Many things have changed since the pandemic and one of these changes is in the attitude many of us have in relation to how and where we want to live. The demand continues for more spacious, greener living with the opportunity to have a working space at home.  The temporary reduction in stamp duty has not only helped many second and third time buyers, but it has also helped holiday home and buy-to-let purchasers.

As we head towards late summer our phones continue to ring and there is no let up in demand. We don’t know how long this demand for property will last, but for buyers and sellers right now it is a boom market. So our advice is; strike now whilst the iron is hot.

Arrange your free valuation today by contacting your local PFK office below...
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