Coronavirus Update: House moves, and viewings resumed in England
13/05/2020 Update: House moves and viewings in England removed as non-essential travel under new lockdown rules
Hundreds of thousands of people have been unable to move
Up until now, since the beginning of the lockdown, buyers and renters were told to avoid and delay moving. It has been reported that approximately half a million buyers and renters were affected by the lockdown as the lockdown put their plans on hold. Property investors and buyers were told to do virtual viewings online in line with the lockdown measures.
Fall in house prices predicted by industry experts
Lloyds Bank predicted a 5% decline in property prices by the end of the year, whilst Knight Frank forecasted a 7% fall.
Newly updated lockdown regulations presented to parliament yesterday
The ruling has officially been lifted as of today after seven weeks of strict lockdown. The Health Protection (Coronavirus, Restrictions) (England) Regulations 2020 state that people are allowed “to undertake any of the following activities in connection with the purchase, sale, letting or rental of a residential property”.
Housing Secretary Robert Jenrick said: “I am announcing new guidelines to allow the housing market to resume. Our clear plan will enable people to move home safely, covering each aspect of the sales and letting process from viewings to removals.”
Estate and lettings agents allowed to be opened
Under the new lockdown regulations, potential sellers, buyers, and renters will also be allowed to visit estate agents and letting agents. Potential buyers and renters are also allowed to visit show-homes and view properties to buy or let.
Who else can work?
The new regulations have also allowed removal companies, surveyors, and tradesmen to visit homes, provided that they adhere to health guidelines.
“This critical industry can now safely move forward, and those waiting patiently to move can now do so,” Housing Secretary Robert Jenrick added.
Only England was mentioned in the new regulations
Property markets in Scotland, Wales, and Northern Ireland remain on strict lockdown as leaving the house for property related affairs are still considered non-essential travel. Land registries are either running at reduced services or not logging new transactions at all for the other three nations.
What does it mean for you?
Industry experts have remained pessimistic on the property market as the lockdown eases in England. If you have been planning to, or have been pondering to, sell your property, it may be better to consider selling now to avoid a further drop in property prices. With the lockdown measures lifted, Auction Agent will be conducting both physical viewings and virtual viewings for interested bidders. We have taken measures to ensure that health guidelines are adhered to at all times during physical viewings.
Why use Auction Agent?
With our exchanges guaranteed to complete anywhere from 1 to 28 days from the fall of the hammer, Auction Agent property auctioneers will ensure that your property would be sold as quickly as possible and without the worry of buyers dropping out. Our seller’s package includes marketing on leading online property portals (Rightmove, Zoopla, and PrimeLocation) and social media platforms (Facebook, Twitter, and LinkedIn).
Auction Agent property auction house has over 50 years of combined experience – we are ready to answer any of your questions regarding buying, selling, or just regarding property auctions in general. Auction Agent house auctioneers offer complete services for buyers, sellers and even probate property owners. Furthermore, Auction Agent property auction house gives all sellers a peace of mind with our no-sale-no-fee approach.
Take your first step to a stress-free property sale today by contacting us for a free property valuation. Be sure to sign up for our newsletter for the most up-to-date properties available from our property auction portfolio.
Contact Auction Agent today on 01706 940499, email@example.com, or visit www.auctionagent.co.uk.
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