A year into the ‘New Normal’

What a last twelve months we have seen! The 1st June will mark a whole year since the property market reopened for Poole Townsend after the shock of what was the first lockdown. The uncertainty of what lay ahead was hanging over us all. After three months of no activity, no viewings and no property visits, were we about to see a return to the depths of the property market during the recession?

The signs at the beginning of 2020 were good, the market active and steadily growing but then the brick wall that was the first and most restrictive Lockdown hit. Buyers were still keen, wanting to book viewings and some sellers still wanted to book valuations. But we waited… as we should.

What none of us could have imagined was the explosion of activity that would come with the re-opening of the property market. The market went through the roof. As did the odd stress level. All the buyers that were waiting to view started to buy and the snowball effect started from there. Competition for houses grew as more and more purchasers came to the market. New instructions started to arrive and the speed of property sales quickened.

The property market was alight and the Stamp Duty Holiday simply added fuel to the fire. The unprecedented high level of sales continued right up to Christmas with a very short lull for turkey, Christmas pudding and eggnog.

The New Year arrived and the sales started again. The impending Stamp Duty deadline loomed at the end of March but the brakes aren’t being applied. An extension to what would have been a cliff edge cut off gives conveyancers everywhere a few months reprieve and the sales market continues apace. Since the New Year there have been more property sales than there have been new properties to the market. A drop in supply only adding to the demand. Prices keep rising and sales keep happening at such speed that to wait to view on a weekend is to wait too long.

So here we are twelve months down the line. Prices higher, sales higher and excitement for the market rising. Poole Townsend has consistently sold the most property across the South Lakes and Furness during these twelve months and with the signs for the rest of the year positive we are ready to continue being the most successful agent with the highest number of sales.

Come and speak to one of our local experts and see how we can help you sell your property.

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Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563.

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

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