< Back to blog

Optimism in property market increases Posted On 24 January 2020

Since the election back in December, recent statistics have shown that there has been increased optimism in the property market from buyers and sellers alike.

Between the period 8th December and 11th January, almost 65,000 properties were marketed. And with the election having been held on 12th December, many of these were marketed after the election: signalling optimism from new sellers.

But it’s not just sellers feeling optimistic; from 13th December to 15th January, enquiries to estate agents were up by 15% compared to the same period the year before.

“These statistics seem to indicate that many buyers and sellers feel that the election result gives a window of stability,” comments Miles Shipside, Rightmove Director and Housing Market Analyst. “The housing market dislikes uncertainty, and the unsettled political outlook over the last three and a half years since the EU referendum caused some potential home-movers to hesitate.

“There now seems to be a release of this pent-up demand, which suggests we are in store for an active spring market. The early birds are on it, with over 1.3 million buyer enquiries to agents since the election, up 15% on the same period a year ago.

“Some buyers are even further ahead and have snapped up a property already, with the number of sales agreed up by 7.4% on this time last year.”

< Back to blog

Connect with us

Recent Posts

Kit out your kitchen

With the kitchen one of the hubs of the home, it’s key to ensure that you have everything you need to make it fully functional Like any good workspace, your kitchen needs the right tools. Having these to hand will ensure you cook up a storm in no time. But fear not, we tell you …

Read more...

Rare royal portraits dazzle the nation

Queen Elizabeth II poses for a rare and beautiful official portrait, which was captured last year at Windsor Castle by royal photographer Chris Jackson, and which has recently been released to the nation. The portrait shows Her Majesty, 94 years old, wearing blue sapphire jewellery and a matching tiara, along with a couple of pieces …

Read more...

Pension Schemes Bill passes latest stage

“The role of bricks and mortar in later life is changing”, says the Chairman of the Equity Release Council, as hopes of housing wealth being included in the pensions dashboard improve!   At its second reading last Wednesday, The Pension Schemes Bill has been passed in the House of Commons after some debate between MPs. …

Read more...

Final garden prep before winter

We are grasping onto the last ounces of sunny, warm(ish) weather, and now your garden will need some attention and preparation for autumn and winter   With the hot summer we have had this year, and the surprise second-budding of your flowers, your garden will have had its work cut out this summer, and is …

Read more...

How to carve a pumpkin this Halloween

With Halloween coming up, there is nothing that symbolizes this holiday better than a carved pumpkin…   Whether you want to create a simple jack-o-lantern or something a little more artistic, here are some hints and tips that will help you out, as anyone who has ever carved a pumpkin already knows, it can be …

Read more...