Significant demand for all property & moves to rural locations
Thursday, 20 August 2020
Significant demand for all property and in
particular for moves to rural locations
Significant demand for all property and a move to rural locations are the headlines from the recent Rightmove property sales statistics.
Recent statistics released from Rightmove
make exceptional reading for those both looking for a new home and those
selling their property. Our region is faring particularly favourably as the
exodus from city living to rural locations is at an all time high.
Of the move to rural locations, Rightmove’s
property expert Miles Shipside said: “The
lure of a new lifestyle, one that is quieter and has an abundance of beautiful
countryside and more outdoor space, has led to more city dwellers choosing to
become rural residents. We saw a shift as early as April in more people living
in cities enquiring about moving out of that city, and this trend has
continued. The most popular village moves are still within the same region the
home-hunters are currently in, as it’s likely they’ll keep their current job
but may have the flexibility to commute less often and set up their working
space at home.”
Demand Increased by 51% Year on Year
The number of people looking for property over the past 4 weeks is 51% up on the same period in 2019, and at a volume not seen since 2008. With the stamp duty holiday confirmed until March 2021 and the re-assessment of priorities following the lockdown period, it is certainly a time to act if you are considering a move.
Across our network, we have seen a record number of new instructions, sales agreed and activity in recent weeks. We are delighted to be able to support so many clients through their house move. Of course, with increased listings and record levels of sales agreed in recent weeks, our communication with mortgage lenders, solicitors and surveyors has also increased as has their volume of cases.
Rightmove Commentary on Demand for Property
To this end, Miles Shiplake comments: “
Not only are we seeing an unusually busy summer period, but also parts of the
lending and legal sectors are having to cope with capacity constraints, as some
staff will still be on furlough while many will still be working from home.
Patience will be required, especially with some lenders limiting their product
ranges due to capacity constraints in their ability to process mortgages. To
minimise the risk of missing the 31st March stamp duty deadline it’s best to
plan well ahead. This busy pace of the market looks set to continue in the
Considering a Move?
If you are considering selling your property,
please contact one of our teams for a no-obligation consultation. We are
following strict social distancing guidelines and Government protocols for valuations
and viewings and can share our policy with you ahead of any face-to-face
Rugby – 01788 564666
Atherstone – 01827 718021
Ashby – 01530 410930
Towcester – 01327 353575
Lutterworth – 01455 559203
Daventry – 01327 316880
Northampton – 01604 823456
A selection of properties for sale
from across our region: