7th July 2020
Market Comment June 2020
Whilst I am mindful that so many people throughout the world are making such sacrifices, it almost seems inappropriate to deliver to you an upbeat report, but the housing market has returned with full force across all of our offices and departments and all of the figures have been substantially up on June the previous year, most noticeably with lettings enquires and prospective tenants up 16% on the same month last year.
It is not a surprise to me that both in Sales and Lettings we have seen a spike in new properties coming to market after a period of lockdown. However, the unprecedented number of prospective purchasers and prospective tenants has been a pleasant surprise to us all.
During June, the safety of the public and our staff has been the most important factor after returning back to work and I have been so proud of our staff in their responsible attitude to each other, the public and the continued charity work and gestures of kindness all throughout June. I would also like to thank our landlords, homeowners and tenants, for all playing their part in protecting the public for their vigilance and responsibility.
Whilst I know we have some challenging times ahead, if Junes actions are anything to go by, then I am confident we are doing our very small part in combatting the Coronavirus.
Finally, another department which has astounded me is our land and new homes division, which has expanded rapidly in 2019-2020 and in June we acquired a number of developments for clients, sold last units in developments and had one of our best months ever for reservations. There is a clear mandate and appetite for the new homes and help to buy market and I suspect that will continue for the foreseeable future.
Lastly, I would like to take the opportunity to wish everybody a safe and happy July as shops, restaurants and public houses are all now reopening.
I look forward to reporting back to you in early August.