BORIS BOUNCE IS NOT JUST IN LONDON... IT'S NATIONWIDE!

News at Homecastle | 05/02/2020


Recent reports from London based estate agents report that buyers are flocking back to the capital in record numbers since the decisive election result. After three years of political uncertainty and the Brexit stand-off kept buyers at bay, however, it seems the market freeze has thawed, and confidence is coming back. 

"As expected," says Iain McKenzie, CEO of The Guild of Property Professionals, "buyers and sellers who had adopted a 'wait-and-see' approach to the market are now back and ready to move on with their lives. It is clear from recent figures that people were eager to get into the market, but the uncertainty was making them apprehensive. Now that there is more clarity and increased optimism, activity in the market is once again on an upward trajectory."

Nick Goldsworthy, Co-Owner of Logic Estates in Liverpool, says, "In our market there is more confidence, more activity and increased sales. In the first two weeks of January we had 10 sales agreed per week, approximately a 30 per cent increase on the 2019 average. New valuation numbers are strong again, as pent up demand begins to be released, which in turn will increase new stock to the market."