Written by Wesley Muchimwe | 10th July 2020

New Home

The property market takes off after lockdown

Michael Graham offices have now been open for almost two months and the huge surge in interest for homes across our region shows no sign of slowing down. Our team have been delighted to help all prospective buyers and families keen to get moving again. Compared to January, offers on properties have increased by 153%.

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Statistics paint a promising picture for the housing market in general and Michael Graham’s region in particular. Our latest research shows a record 153% increase in offers compared with buyer activity levels back in January during the post-election bounce back. Our website and social media channels have experienced a surge in visitors resulting in 37% more viewings booked compared to January. Since the easing of lockdown there has been an uptick of 17% in new buyer registrations.

The property market received a boost last week when the government announced a Stamp Duty holiday, a move designed to guarantee buyers savings of up to £15,000. The Chancellor has suggested that nine out of ten people buying a main home this year will pay no stamp duty at all and interest rates are expected to remain lower for longer which will support mortgage affordability.

Today’s prospective buyers are serious and committed to completing on a sale. London buyers keen to leave the capital are targeting the Michael Graham region. If you are considering putting your home on the market, we would love to help. Talk to us today about a fresh marketing strategy for your home and let us get you safely moving again.

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