Home Buying Where is the property market winning 100 days into lockdown?

Where is the property market winning 100 days into lockdown?

The latest research from leading estate agent comparison site, GetAgent.co.uk, shows that the number of listings added per week continued to exceed pre-pandemic levels, as does the average views each listing receives while property related searches and home seller leads have also continued to climb. 

With the 100 day mark since we entered lockdown approaching (1st July, GetAgent.co.uk has also analysed which pockets of the UK property market have weathered the storm the most based on the available level of property stock listed and the level of new homes entering the market since the industry reopened for business. 

Overall

Throughout the whole of lockdown, Liverpool has been the UK’s most Teflon covered property pocket. The city saw a total of 5,101 properties listed during 100 days in lockdown, the highest of all areas of the UK. 

Birmingham (4,081), Leeds (3,830), Cornwall (3,673) and Leicester (3,180) have also seen some of the highest levels of property stock despite being in lockdown for 100 days. 

Biggest returns to form

Since the property industry reopened in May, stock levels have increased by an average of 217% across the UK. 

Halton has been home to the most substantial increase of all, up 833% since the property market reopened. Tandridge (684%), Waveney (673%), Adur (642%), Wellingborough (626%), Woking (620%), Broxbourne (613%), North West Leicestershire (611%), Eastbourne (555%) and Bromley (516%) also make the top 10 for the largest market rebounds. 

In London, Bexley (404%), Sutton (387%), Richmond (377%) and Merton (354%) join Bromley as the boroughs to have seen the most significant market revival. 

Founder and CEO of GetAgent.co.uk, Colby Short, commented:

“For some, it may seem like we entered lockdown years ago, let alone 100 days ago. However, in the vast majority of areas, life has gone on where the UK property market is concerned.

We saw a vast degree of activity return after restrictions were lifted and it’s been quite remarkable how the sector has pivoted to accommodate this. 

By facilitating the transactions of the UK sellers and buyers, the industry has no doubt been the reason as to why we are yet to see any form of notable market decline in terms of property prices. 

We should see this backlog of activity start to subside over the coming months as normality returns, but we are certainly in a far better place than many predicted a few months back and this looks set to continue for the duration of the year.”

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