Millions of buyers and renters across England resumed their property search within hours of the Government’s relaxation of the coronavirus lockdown which was imposed on the housing market on March 23rd. Property portal Rightmove have reported 5.2 million visits to its listings on Wednesday May 13.
Rental demand also surged, with Rightmove recording the highest number of enquiries in one day since September last year.
As property viewings in person start once again in London, with strict social distancing guidelines in place, estate agents reported record numbers of enquiries and a huge spike in valuations. Rightmove have stated the number of Londoners searching for rental homes with gardens skyrocketed by 101% in a week.
With a weekly increase of 111% on the day the market reopened, a growing number of newly marketed properties are expected to be on the horizon. In Greater London about 49,000 homes are currently listed for sale, with 56,800 for rent.
For any of your London property needs, contact us at firstname.lastname@example.org or call us on 0207 436 6210.
Photo credit – CityAM