House Prices show increase with new demand for sellers

We have been so busy since returning to work only a few weeks ago, suspecting that the busy housing market would make it a seller’s market. Our prediction has panned out to be correct.

An exaggerated news story in Yahoo Finance today announces that estate agents around the country are overwhelmed with enquiries. Well, that may be true for others, but we at Philips George are ready for it and welcome your enquiry to sell your home.

Now is the hour!

Asking prices for properties in England are more than £6,000 higher than before the lockdown began, according to Rightmove. You, as a seller, can cash in on this new demand.

Rightmove said the price of properties coming to market averaged at £338,000 in England in June so far, up 1.9% or £6,000 on March before the government barred all but essential house moves.

Richard Donnell, director of research and insight at Zoopla, says: “The COVID crisis and 50-day lockdown has created an unexpected one-off boost to housing demand. Millions of UK households have spent a considerable amount of time in their homes over the lockdown period and missed out on hours of commuting. Many households are likely to have re-evaluated what they want from their home. This could well explain the scale of the demand returning to the market.”

Leicester has seen its own bounce with a 3% increase in demand for property this month. Clare Phillips, director at Phillips George says;

“this is a great opportunity for sellers to get on the market and benefit from the bounce. Properties marketed with Phillips George are moving fast and selling for much more than they would have before lockdown.

We are happy to answer any of your questions around getting your home on the market in the first place. We have the reputation among our clients as offering the best service available in Leicestershire.”

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Clare Phillips

Clare Phillips

Partner

Clare has been in the industry since 1998. Her career started as an administrator and she has worked through each role in estate agency from negotiator, sales progressor, valuer, manager and culminating in opening Phillips George as a co-founding partner. Through Clare’s career she has obtained professional qualifications with both NAEA (national association of estate agents) and ARLA (association of residential letting agents) to ensure that she delivers a first class service to all of her clients. Clare’s favourite part of estate agency and lettings is helping customers achieve their goals and making the process as smooth as possible for them.

 

Phillips George is rated "excellent" by our customers on Trustpilot.