Market Comment – June 2021

What a month!

After 35 years + as an estate agent on the Lower Addiscombe Road and experiencing the end of double tax relief and 2 recessions, it was great to feel the excitement and hear all the lovely stories of people rushing to complete before June 30^th to benefit from the stamp duty holiday.

All my staff were fantastic and we were hand delivering and couriering documents in the last week to make sure peoples moves went ahead and when I now look at the figures, it was a brilliant month for everybody, coupled together with the feel good factor with the football, but I am not going to jinx any further matches by commenting on that!

Call volumes understandably went through the roof in June and prospective applicants were up  4% on June last year and I was pleased to see really solid sales figures across the board, even though these new sales wouldn’t have benefited from the stamp duty holiday, there was a real healthy appetite.

Turning to lettings which remains really strong throughout June, prospective lettings enquiries were up a whopping 11% on June 2020 and I think we are almost at the 8 tenants per property situation,

Our New Homes department goes from strength to strength and we have been delayed by a month on 2 developments which we should be launching next month and I look forward to reporting more to you in that respect.

I look forward to reporting to you in July.

Gary