Properties Continue to Soar

The UK property market is continuing to see unprecedented levels of activity. New instructions coming to market have now remained above 64,000 for the last 12 weeks. Properties changing status to SSTC have also remained well above average.

The post-lockdown pent-up demand – coupled with the government’s stamp duty initiative – meant that agents and the financial service market were immediately placed on the backfoot when the market was reopened; overwhelmed with the wave of sellers who were in the process of moving or waiting for restrictions to be lifted, combined with a new surge of sellers who are looking to take advantage of the substantial stamp duty savings on offer.

In terms of marketing, Agents will need to offer a more advisory marketing information than ever before, especially relating to how sellers can help to prevent holding up their sale when it comes to instructing a solicitor as early as possible, and completing documentation in advance.  

There is little doubt that it’s a great time to sell but sellers should understand that they must now factor in at least another month in their plans to allow for delays caused by the level of demand in the market.

The role of a great estate agent has always been vital to a quick and successful sale. However, now more than ever, both sellers and buyers need to work closely with an agent that can set clear expectations, objective actions, and progress transactions as quickly and amicably as possible to keep all parties happy.

Please call for any further advise on 020 8440 6449 or email: info@chaslowe.com.

We look forward to hearing from you.