Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

UK weekly property listings exceed pre-pandemic levels

uk property

Property-related searches and home seller leads have also continued to climb

Research from estate agent comparison site GetAgent.co.uk shows that, 100 days since entering lockdown, the number of listings added per week has continued to exceed pre-pandemic levels, as has the average views each listing receives.

Property-related searches and home seller leads have also continued to climb.

Liverpool saw a total of 5,101 properties listed during the first 100 days of 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 lockdown.

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%) make up the rest of the top 10 market rebounds.

In London, Bexley (404%), Sutton (387%), Richmond (377%), Merton (354%) and Bromley are the boroughs with the most significant market revival.

Colby Short, founder and CEO of GetAgent.co.uk, said: 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, Short said.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.