Updated: May 18, 2020
As we entered lockdown enquiries ceased and everything went very quiet in the property market however we have good news as May is looking very different, and here at Wardsmith, Bishop's Stortford we are very much seeing the green shoots with property enquiries rising.
A distinct demand is building for homes outside London, with Londoners searching for properties in the outer counties as they search for somewhere greener. Another reason could be that we have all had the opportunity to prove how effective working from home is. With many company's now realising that they don't need traditional office spaces, and can use Zoom for example for daily meetings and hire a meeting room for team meetings when required, thus saving money on office space as well as time and money on travel.
This demand was recently reported in ES Homes and Property:
London facing post-lockdown exodus: home buyer web traffic suggests city dwellers are planning to move to the country en masse
Searches on Rightmove by Londoners for homes outside the capital were up to 51 per cent compared to 42 per cent this time last year.
Rightmove has also noticed signs of a pick-up in new buyer activity, with a 20 per cent increase in visits to the website in the past week compared to the first days of lockdown.
There has also been an increase in online valuation requests indicating that after a number of weeks working from home, people are reassessing the suitability of their current property and starting to think about life after lockdown.
Overall the general consensus is that buyers post lockdown will look to move to well-connected towns and villages with gardens being a main priority but they will also need to have access to sufficient amenities to allow them to work from home more often. So the future is bright for the Bishop's Stortford area as we have lots of lovely well connected properties with outdoor space.
So how what next .... Life after lockdown?
Now there's a question... I don't know about you, but I am definitely tuning into Boris on Sunday, as at the moment the property market is effectively at a standstill. Whilst we have some viewings going ahead with recorded videos by the owner we are very much looking to when we can gain access to carry to produce 3D video tour - contact us for a 3D tour link.
Physical viewings will still happen going forward but we don't see them being at the forefront of the buying and renting decision making process. We are very much seeing a virtual future.... one that keeps our clients safe and one that is exciting - as the today's technology is very much capable of producing fantastic results - we will be releasing our "The future is virtual" blog in the next few days.... which will tell you all about the technology and how to prepare your home for a 3D tour recording.