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Property upsurge due after lockdown

By Terry Holmes - 29 April 2020

Strong signs have emerged that there will be considerable demand in the property market once restrictions are relaxed following publication of the latest Yomdel Property Sentiment Tracker (YPST) figures.

Yomdel, who provide live chat platforms to estate agents, say that significant growth has been seen in new enquiries from vendors, landlords, buyers and tenants, showing that pressure for home moving services was pushing forward despite lockdown.

New vendor enquiries were up for a fifth consecutive week rising by 16%, still more than 25% down pre-COVID-19 average, but up 115% from the low at the start of lockdown. Buyers have also flooded back into the market to rise above the pre-COVID-19 average, up 17% on the previous week.

Landlord enquiries rose by 12% and tenant enquiries rose a further 17% putting tenant demand at an all-time high on the YPST index and up 182% on their lockdown low.

“These figures suggest a real desire to get back to some sort of normality as soon as possible” said Beresfords Director, Terry Holmes “with people accepting the present situation but not changing their plans to move in the future.

“I also think for some, staying at home for a prolonged period has led to a realization of the limitations in their present property.

“Whatever the reasons behind their move though, it is clear that many people want to have all their ducks in a row so that they can really press on once restrictions start to be lifted.”

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