A London company is rejecting the suggestion that sellers are heading to the countryside – as a substitute, it says they’re doubtless to transfer to the suburbs.
Cory Askew, Chestertons’ head of gross sales, states: “With lockdown restrictions persevering with to ease and property costs in rural areas catching up, we anticipate an growing variety of home hunters to rethink their transfer to the countryside and go for one in all London’s outer zones as a substitute.
“Outer areas of London have been the primary beneficiaries of the SDLT vacation and proceed to squeeze the final drops of alternative out of the incentive earlier than the June 30 deadline with sturdy purchaser demand nonetheless very evident throughout our London workplaces.”
Askew provides that even with new provide up 50 per cent in contrast to the similar interval of 2019, costs proceed to rise with the highest demand by far for homes.
“Creating additional urgency amongst home patrons to discover a property in London now, is the anticipated return of worldwide patrons as journey restrictions are beginning to ease. Our workplaces in the Middle and Far East, for instance, confirmed that their clientele is determined to return to London.”
Comparing May 2021 with May 2019 – May 2020 being a lockdown washout – Chestertons says it’s registered a 78 per cent improve in new offers agreed, 38 per cent improve in new purchaser enquiries, 50 per cent new listings, 39 per cent improve in viewings and 31 per cent improve in gives.