Property viewings shoot up in July: Andrews | Mortgage Strategy

Img

House viewings jumped 29 per cent in July across property group Andrews’ 48 branches on a monthly basis, the firm says.

It adds that it saw a 45 per cent increase in physical viewings over the same time frame.

This amounts to almost 6,000 viewings in July, with a third executed virtually. Offers made and accepted grew 12 per cent in July.

Instructions moved up too – the tune of 22 per cent in July compared to June, totalling 560 across the group’s branches.

Alongside this, 879 valuations took place in July, an increase of 33 per cent.

Andrews Property Group chief executive David Westgate says: “Buyers and sellers alike have shown renewed vigour in the past six weeks. With a lengthy window of opportunity to purchase before the Stamp Holiday comes to an end, we expect buyer activity to remain buoyant over the coming months. And we saw an immediate uplift in valuations and instructions since stamp duty was frozen, with sellers keen to take advantage of motivated buyers and more confidence to list thanks to stable house prices.

“It won’t be all plain sailing from here, but the government has shown how important it sees a healthy and stable property market for the general wellbeing of the overall economy. And house prices have proven to be extremely resilient in the past when faced by strong economic headwinds, which suggests the market is well placed to cope with some potentially heavy bumps in the road ahead.”


More From Life Style