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In uncertain times – we’re here for you
The housing market enjoyed the ‘Boris Bounce’ following his election victory in late 2019. This bounce provided some long overdue momentum in the housing market, a real shot in the arm, following a fairly lack-lustre run. Data highlighted that buyer interest in some regions jumped and activity was reignited, a post-election surge in buyer demand certainty boosted confidence.
Unfortunately, this rejuvenation was fairly short-lived as the COVID-19 outbreak took hold in the UK and across the globe. At this stage it’s difficult to quantify the full impact on both the commercial and residential property sectors, but what is certain is that while there are many factors involved in determining the mood and movement of the property market, few things have a bigger impact than uncertainty. Rest assured, what is certain is that we are here to help.
But things are moving…The government has set out plans to restart England's housing market. Estate agents can now open, viewings can be carried out and removal firms and conveyancers can restart operations.
Housing Secretary Robert Jenrick said the changes must be carried out under social distancing and safety rules.
It is estimated there are 450,000 buyers and renters with plans on hold. If you have any questions about the property sector, mortgages or your protection requirements – please get in touch, we have our finger on the pulse in this fast-changing environment and can assist you to navigate the challenges ahead.
In uncertain times – we’re here for you.