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27th April 2020

Moving forward

If you have been using the time in lockdown to think about the future, you are by no means alone. Data released this week from Rightmove has indicated current behaviour shows that many homeowners are already ‘researching plans for the future’.

The Rightmove April 2020 UK House Price Index states that agents have kept activity ‘bubbling’ by making the most of its technology to maintain operations. At Redbrik we have seen less than 2.5 percent of sales fall through due to the current pandemic, which reflects the ability of the market and our customers to continue with their plans while adhering to UK government restrictions.

Agents across the UK have particularly been exploring virtual viewings and valuations – activity which has led to both new instructions and sales here at Redbrik.

Our managing director, Mark Ross, noted “At Redbrik, we’ve seen a huge increase in demand for virtual viewing in recent times – demand which we are glad to have been able to meet thanks to the technology we employed long before this new need.

These virtual viewings have even led to offers, demonstrating that the desire to move still exists and online and virtual marketing and viewing is more than sufficient to keep these transactions going.”

“We have also seen a rise in the request for virtual valuations with many resulting in instructions

Mark says that the way that Redbrik, along with the wider industry, has adapted during lockdown will be of benefit as the UK emerges into a different landscape.

He suggested: “While this period has undoubtedly been one of, if not the most challenging period faced by the property industry, I am optimistic about the positive changes which should result in a market ‘boom’ once lockdown measures are eventually lifted.”

The recent Rightmove report suggested potential home-owners and buyers should be encouraged by the government’s interventionist strategies to date, facilitating lending and activity in the economy both now and when it is safe for restrictions to be relaxed.

“Looking to the future,” Mark says “the industry – not to mention the world – will have changed dramatically through this. We are excited about the plans we have made to adapt and evolve when the world returns to some resonance of ‘normal’.”

For more information or to view the April 2020 Rightmove UK House Price Index, visit https://www.rightmove.co.uk/news/house-price-index/.