Property Investors Weekly News: 1/6/2020
It’s that time of week again where we bring you the hottest property news articles, delivered straight to your living room. Lots of very exciting things happening with Sourcesome right now and we can’t wait to share all with you soon. We hope you find the news articles below useful;
Property market regaining health as home sellers rush to relist
Newly released data from GetAgent has revealed a number of positive trends across the UK property market showing a return of industry confidence. This research has revealed that just 22% of home sellers are extremely concerned about the impact of COVID-19 on their sale. 16% of buyers would also refrain from offering on a property in the current market conditions, down from 43% in April.
Zoopla Cities Index – April 2020 -Demand in the English housing market surged by 88% the week after the market reopened
According to Zoopla’s monthly UK Cities House Price Index Report, housing demand has risen by 88% following the reopening of the property market in May.
This data indicates that buyer demand has risen above levels seen before the coronavirus lockdown in March.
Click on the link on the article to download the full report.
Coronavirus: UK property picks up as Rightmove sees record website views
Rightmove received more than six million visits for the first time on 27 May, an 18% increase on the previous year.
Record levels of phone calls and emails were received by estate agents via the Rightmove website.
Property sector moves into Phase One In Scotland
Thursday 28th May saw the property sector in Scotland entering Phase One of the Scottish Government’s plan to prepare for the safe reopening. Read the article to find out the new rules and guidance of Phase One for the housing market in Scotland.
Have a great week and speak to you soon!