Reasons to be cheerful as we approach spring

Sharon Dale, Property Editor at the Yorkshire Post interviewed Andrew Beadnall for her ‘Property Market Round-up’ on why he believes the housing market will remain buoyant as we approach spring, traditionally a busy time for house movers.

 

This week’s property market round-up includes analysis from Andrew Beadnall of Beadnall Copley estate agents, who believes we have reasons to be cheerful. 

He says: The property market has always been driven by confidence and nothing stalls the market more than uncertainty – be that economic, political or pandemic. 

“With the rollout of the various vaccines in full swing and announcement by the Bank of England that they are expecting a strong bounce back in the economy in spring there are definite reasons to be cheerful from a housing market point of view.

“Following the exit from the first lockdown we saw a huge jump in new buyer registrations, viewings and offers with the majority of new properties coming on to the market not only selling quickly but receiving multiple bids and in most cases either achieving their asking price or over.”

He points to a property in Bramham which sold for 4% above asking price and a detached home on St Winifred’s Road in Harrogate, which hit the dizzy heights of 29% over asking price. 

“With demand pent up again, we currently over 1,800 buyers registered, which equates to 27 per property, which means the return of a genuine booming and blooming spring market is very much on the cards,” says Andrew.

“The expectation is that there will be an influx of new properties to the market with lots of potential sellers having held off from marketing their properties due to the current lockdown.  With more people receiving the vaccine day by day, confidence is starting to return about moving onwards and upwards.  Our advice is very much that if you are considering selling then beat the competition and start the process of getting your property ready to go on the market now.”

 

Edited from an article in the Yorkshire Post on Saturday 20^th February.