3… 2… 1… Go! It’s back to work for Estate / Letting Agents:
With over 300,000 property transactions in the pipeline and delayed since the COVID-19 lockdown, it is now all systems go in the English estate agency / letting agency world. The easing of restrictions for many businesses starts today and that will include the property market.
“From today anyone in England can move home if they follow new guidance published by Housing Secretary Robert Jenrick. ” Source: Gov.uk
It is feared that the damage to the property market could see a fall in asking and sold prices, but the re-starting of the market in what many would see as a relatively quick time considering the ‘R’ factor still remains well above the desired 1 position (1 – 5 with 5 being the most serious) could save the day and in fact see a boost to prices.
Estate Agents across England will be opening up shop and calling back to work some members of staff. House viewings will go from ‘virtual’ back to ‘face to face’ and though already many people remain confused as to what the guidelines are and also frustrated as many are still being told to respect the lockdown, time will inevitably tell as to whether it is all too soon to be getting things underway… For many though, including myself, if social distancing is respected and common sense applied, then there is no reason not to get the housing market back in to action and getting what many see as our most important industry turning over once again.