Home-movers will carry on after lockdown
Lots of you have asked us whether the housing market will look different after restrictions are eased, so we decided to crunch some numbers for you.
The results showed that the vast majority of buyers and sellers with sales already agreed or those hoping to move when lockdown ends intend to continue with their plans.
Most of the properties that were on the market for sale before lockdown have actually stayed on the market, with total available stock for sale down just 2.2%.
Who is carrying on with their plans?
Four in ten (40%) buyers and sellers said they were going ahead as planned and over half (54%) said they had postponed their plans for now but were planning to continue after the lockdown ends.
People looking for property initially dropped by 40% at the start of lockdown, but have been recovering slowly over the past few weeks. This week they are up over 20% when compared with the first few days of lockdown.
So it seems that the resolve of buyers and sellers is clear, they want to continue with their plans once they are able to.