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Sales

Chesterfield 01246 563 060
South West Sheffield 0114 399 0567
North West Sheffield 0114 312 2071
Crystal Peaks, Sheffield 0114 361 1000
Sheffield New Homes 0114 299 4144
Chesterfield New Homes 01246 889 222

Lettings

Chesterfield 01246 380 414
Sheffield 0114 361 0140

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21st May 2020

Pent-up property demand gets housing market moving

The future is bright for the property market, according to Rightmove’s latest House Price Index.

Since the industry reopened in England last week ‘pent-up home mover momentum’ has reached fever pitch with people eager to view properties as well as booking market appraisals.

On the first day after lockdown restrictions were eased (Wednesday 13 May) Rightmove’s May 2020 House Price Index showed a four per cent, year on year increase in home-mover visits to the site (5.2 million).

Sales demand doubled from Tuesday 12 to Wednesday 13 May and rentals had the highest number of enquiries in a single day since September 2019 as demand surged industry wide.

The figures echoed a prediction made last month by our Managing Director, Mark Ross, that the property market would ‘boom’ once lockdown restrictions were lifted.

Here at Redbrik, the number of new applicants registered last week (w/c 11 May) was more than double the previous four-week average and valuations booked during the same period increased by more than 500 per cent.

Mark said: “Our diaries are getting booked up fast – it is certainly all systems go at Redbrik.

“We were effectively given less than 12 hours’ notice ahead of reopening last week, but we are very excited about what the future holds.

“During the lockdown period we spent lots of time adapting and planning for the future and have already implemented new services such as virtual viewings and valuations, which are proving extremely popular.

“I’ve said before that this period has been one of, if not the, most challenging periods ever faced by our industry. However, I believe that as a collective and as individuals we should all be better for it.”

To book either a physical or virtual viewing or property valuation please contact us using the details below:

Sales

Chesterfield: 01246 563 060
Crystal Peaks: 0114 361 1000
South West Sheffield: 0114 399 0567
North West Sheffield: 0114 312 2071

Lettings

Sheffield: 0114 361 0140
Chesterfield: 01246 380 414

New Homes

Sheffield: 0114 299 4144
Chesterfield: 01246 889 222