Feb 24, 2020
Is the property market bouncing back?
The ‘Brexit’ bounce, or the ‘Boris’ bounce, has been enjoying media coverage in the early months of 2020.
The concept of a sudden market resurgence is certainly compelling. But is there substance behind the optimism?
Well, there are certainly tangible signs of a ‘bounce back.’
Rightmove has reported their busiest ever month this January. Activity is up 7% with an unprecedented 150 million visits.
Carter Jonas relayed a 52% surge in the number of offers received on properties in the first two weeks of this year, compared with the same period in 2019.
“The bounce in our statistics seems to show that many buyers and sellers see the election result as giving a window of stability, so if you’ve been holding back on account of Brexit, 2020 could well be your year to move.” – Miles Shipside, Rightmove.