London agent Chestertons says that the Boris bounce is still alive and kicking – and that there is no sign of coronavirus blues.
The agent says that in the first two months of this year, it had a 69% rise in new instructions compared with 2019.
Viewings are up 56% and enquiries by its portal up 57%. Asking prices are being achieved or exceeded.
In its Notting Hill branch, the number of new buyers is up 133%, and 25% of exchanges so far this year have been off-market.
As at the end of February offers were up 19% and agreed sales up 125%.
One property for sale through the branch had a sale agreed for just below the asking price in September.
A new buyer came in with the full asking price in January, gazumping the original purchaser. The property was sold the same day through an attended exchange.
In the Chelsea/Knightsbridge office, transactions have so far more than doubled from a year ago, and the business pipeline is 50% up.
In the firm’s Fulham branch, a record 22 deals were agreed in February, with multiple offers received on a number of properties.
In the Hyde Park office, two flats that have been on the market for one and two years respectively have now had acceptable offers on them.
A spokesperson for Chestertons said that the firm’s figures suggest that the feel-good factor – or Boris bounce – is still continuing.
The spokesperson said there is no sign of any slowdown because of coronavirus fears.