LET'S GET MOVING…

Property specialist Zoe Napier looks at the impact national and global events might have on a resurgent UK property market in 2020 and asks should buyers or sellers beware

- Zoe Napier

Changing tides of the economic scene are just part and parcel of the ebbs and flows that estate agents are presented with. Remaining relaxed and positive around whatever the market presents us with is what makes a professional within our industry stand out from the rest.

Knowledge is power and knowing how to alter the sails as the wind changes direction comes down to experience. 2020 has been no exception to this and we find ourselves in neither a seller or buyers’ market, but a market is driven by the population's desire to enjoy a better standard of living and find a prefered work/balance lifestyle.

We hear about caveat emptor (let the buyer beware), but what about caveat venditor – let the seller beware? In the property market there is a great deal for sellers to be happy about at the moment, but how long this will last is anyone’s guess.

The relaxation of the Covid19 restrictions has taken the property industry by surprise – albeit a pleasant surprise – and there is an exodus from urban areas to rural locations. More buyers want open space and extra room at home than they did before the lockdown.

Larger houses have suddenly become more popular as buyers look for extra working and leisure space, not just for one person but for two or more people.