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From talking to most of the Estate Agents in Hounslow estate and letting agents and our own findings, it might surprise many of you that new enquiries from homebuyers, tenants, landlords and home sellers have been at record levels since lockdown was lifted from the property market in mid-May.
There are a number of reasons for this. Firstly we had the pent-up demand for Hounslow property from the Boris Bounce in January and February. Next, many Hounslow people were planning to move this spring yet were prevented doing so because of lockdown, and finally, surprisingly, an advance wave of home movers seeking to bring their Hounslow moving plans forward because of a fear of a second Covid-19 wave later in the year.
So, what does all that look like and how does it compare to the last 12/18 months?
Data from Yomdel, the live chat and telephone answering service for a quarter of UK estate and letting agents, is able to track objective and more current information from across the UK on what is really happening. Each week, they are dealing with thousands of enquiries including:
• Seller enquiries (i.e. house sellers looking to put their property on the market)
• Buyer enquiries (i.e. people looking to view a property on the market with the intention of buying it)
• Landlords enquiries (i.e. landlords looking for tenants for their rental property)
• Tenant enquiries (i.e. people looking to view a property on the market with the intention of renting it)
They have created a rolling weekly average of those enquiries for the whole of the UK for the 62 weeks before the country went into lockdown. Then they compared that 62 week average with specific time frames, namely the 10 weeks of the run up to the General Election, the 8 weeks of Post Boris Bounce in January and February 2020, the weeks of lockdown in March, April and early May and then finally, from mid-May, the post lockdown.
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