{"id":21042,"date":"2020-09-03T14:15:40","date_gmt":"2020-09-03T13:15:40","guid":{"rendered":"https:\/\/www.jamesdupavey.co.uk\/property-market-surges-post-lockdown\/"},"modified":"2020-09-03T14:15:40","modified_gmt":"2020-09-03T13:15:40","slug":"property-market-surges-post-lockdown","status":"publish","type":"post","link":"https:\/\/www.jamesdupavey.co.uk\/news\/property-market-surges-post-lockdown\/","title":{"rendered":"Property Market Surges Post Lockdown"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-21041\" src=\"https:\/\/www.jamesdupavey.co.uk\/wp-content\/uploads\/2020\/09\/Property-market-surges-post-lockdown.png\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.jamesdupavey.co.uk\/wp-content\/uploads\/2020\/09\/Property-market-surges-post-lockdown.png 1000w, https:\/\/www.jamesdupavey.co.uk\/wp-content\/uploads\/2020\/09\/Property-market-surges-post-lockdown-300x200.png 300w, https:\/\/www.jamesdupavey.co.uk\/wp-content\/uploads\/2020\/09\/Property-market-surges-post-lockdown-768x512.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">Ever since its announcement, the government\u2019s stamp duty holiday has sparked a surge in activity across the country\u2019s property market.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\"><\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">Now, as we head into a new season, we\u2019re seeing 61% increased demand compared to the same time last year \u2013 according to Rightmove.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">The South East and East of England are the UK\u2019s highest market performers, each up by 70% individually, but across all regions growth in demand is said to be outstripping supply.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">Whilst this puts homeowners in an advantageous position with their next sale, it\u2019s not expected to last for much longer, with new listings gradually climbing up as well.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">Areas along the southern commuter belt have seen new properties double when compared to the same six-week period in 2019, including for Harlow in Essex, Hertford, Wickford, St Albans and East Grinstead.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">An interesting development post-lockdown is the effect of changing buyer priorities on the market, with Zoopla reporting that larger homes are being snapped up the fastest.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">Four and five-bed homes are selling in record time at 27 days, which is 31% lower than the same period last year and an obvious response to Brits needing more space coming out of lockdown.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">Three-bed properties continue to be the market\u2019s fastest selling property type, taking just over three weeks, on average.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">Commenting on these market findings, Rightmove property expert \u2013 Miles Shipside \u2013 says: \u201cWe always knew that the stamp duty holiday was going to be a big incentive for people to get moving this year, and it\u2019s certainly sparked a home-moving frenzy.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">\u201cThousands of sellers are being tempted to come to market for a number of reasons. Firstly, lots of buyers stand to make pretty sizeable savings thanks to the stamp duty holiday \u2013 particularly in the southern commuter belt \u2013 so now seems as good a time as any to press ahead with home-moving plans.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">\u201cWe\u2019re also seeing a growing trend of people looking to move out of urban areas and into smaller towns, with homeowners in built-up areas reassessing their housing needs and looking for places with more outside space.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">\u201cLastly, proximity to a station doesn\u2019t seem to be as important as it once was, meaning sellers in these commuter towns are looking to move a little further afield as working from home becomes a more permanent way of life.\u201d<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 9pt; font-family: Verdana, sans-serif; color: #313131; background: white;\"><br \/> <\/span><strong><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">If you\u2019re looking to sell or buy in 2020, book your market valuation to get started.<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-21041\" src=\"https:\/\/www.jamesdupavey.co.uk\/wp-content\/uploads\/2020\/09\/Property-market-surges-post-lockdown.png\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.jamesdupavey.co.uk\/wp-content\/uploads\/2020\/09\/Property-market-surges-post-lockdown.png 1000w, https:\/\/www.jamesdupavey.co.uk\/wp-content\/uploads\/2020\/09\/Property-market-surges-post-lockdown-300x200.png 300w, https:\/\/www.jamesdupavey.co.uk\/wp-content\/uploads\/2020\/09\/Property-market-surges-post-lockdown-768x512.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\">Ever since its announcement, the government\u2019s stamp duty holiday has sparked a surge in activity across the country\u2019s property market.<\/span><\/p>\n<p style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #313131; background: white;\"><\/span><\/p>\n","protected":false},"author":11,"featured_media":21041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - 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