The residential property market is booming, demand is high and we have more people looking for properties than ever before.
As the government continues to ease restrictions and the property market officially reopened, we’ve seen an influx of demand from across the North East. Now is the time to be on the move.
Following the ‘property market freeze’, we have welcomed a wave of sales and reservations across a variety of properties including traditional and new build homes. Adding to a significant number of new enquiries and demand, the initial phase of reopening has been incredibly successful, giving us confidence in the North East property market.
Rightmove reported its 10 busiest ever days in recent weeks, reaching up to 6 million hits. It has also been reported that industry average listed prices are up by 1.9% and buyers are paying 97.7% of asking price - which is higher than pre-lockdown.
With built up demand and many realising they require more space or realise their desire to be closer to open spaces buyers, now more than ever, want to exchange swiftly. Put simply, buyers are fed up of waiting.
Some were nervously predicting panic selling, price dips and re-negotiation to reduce offers, however this type of activity has never come to fruition.
Since launching our return with revised operations to ensure the health and safety of our team and clients, we have experienced an increased demand for our services across the North East. Our dedicated team is working tirelessly in supporting our clients with their property needs.
We’re here to discuss your property needs, no matter how big or small. For more information, please contact our expert team who are on hand to assist.