David Burr estate agency in Clare confident in housing market after reporting higher-than-expected levels of activity
Despite the disruption to house buying and selling caused by the coronavirus outbreak, a Suffolk firm believes the market has picked up where it left off, with activity levels much higher than expected.
Estate agents have been gradually returning to work since the Government announced the property market could resume on May 13, with new safety and distancing measures in place for house viewings.
Among them is David Burr, which operates seven branches in the east of England, including offices in Clare, Long Melford, Leavenheath and Castle Hedingham.
While national estimates are projecting a national decline in housing prices between five and 13 per cent, Nick Mills, managing director of David Burr in Clare, said the company is postive about the market’s prospects, after recording strong demand since re-opening.
“It has only been three weeks since we re-commenced accompanied appointments, but it very much feels like business as usual but with impeccably clean hands and social distancing,” he told the Free Press.
“The response from clients and customers has been staggering with activity levels significantly higher than anticpiated across the group.
“Most importantly, we would like to thank everyone we have interacted with over the past few weeks for their patience and cautious approach to viewings and valuations. Let’s keep acting as safely as possible.”
Mr Mills reported a dramatic increase in viewing levels, valuations and new instructions, and claims sales are consistently being agreed, attributing the rush of enquiries to a genuine trend of movement from urban areas, particularly London, to the countryside.
He added: “Moving forwards, this all bodes well for house prices as demand is likely to remain high, although with fewer mortgage products available, it will be interesting to see how the market settles down over the coming weeks.
“For now, it is a pleasure to be back and a relief the housing market appears to have picked up from where we left it in a very healthy state in March.”
More by this authorThomas Malina
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