Housing market activity rebounds

26 June 2020 | General

House sales and demand rebounded in May 2020, NAEA Propertymark’s Housing Report has revealed.

There were typically five sales per branch in May, down from nine before the lockdown in February.

Demand for housing has risen from 322 in February to 344 in May.

Mark Hayward, chief executive, NAEA Propertymark, said: “It’s great to see the market up and running again, bringing some much-needed confidence back.

“With estate agents following new socially distanced protocols, and the demand for viewings soaring, we are set for an exciting summer.

“It will be interesting in the coming months to see if the lifestyle changes triggered by the COVID-19 pandemic will have an impact on house sale locations, especially in and around commuter towns.”

This post has originally been featured in Property Wire.