Regional agent reveals impact of pandemic as it reports ‘bounce back’ in instructions and viewings

Andrews had fewer than one viewing a day on average and just 55 instructions at the height of the lockdown during April, the agent has revealed

The south of England brand has disclosed how its 48 offices have recovered since the market reopened, with three in 10 viewings now done virtually.

The agent has reported that instructions in April and May 2020 were down 90% and 73% annually during the UK lockdown and property market closure.

But since reopening, activity in June 2020 saw a significant rebound, with instructions down just 26% on the corresponding month last year and up 178% on May 2020.

June also saw viewings bounce back, up 373% on May.

Andrews said it carried out 6,436 viewings last month, or 214 a day.

It is unclear how many of these viewings turned into offers.

David Westgate, group chief executive at Andrews Property Group, said: “The second quarter of 2020 was the most surreal in the property market’s history, with instructions and viewings at almost zero in April and then rebounding sharply in May and June as the pent-up demand accumulated during lockdown was unleashed on the industry.

“The first half of July has seen activity levels accelerate further and this looks set to continue given the Stamp Duty holiday announced by the Chancellor last week.

“Clearly there remains a lot of economic uncertainty but whatever the short term obstacles may be, there is no doubt that the Government is very focused on getting all of our lives back on track; equally, history tells us that property will bounce back and so engaging in the sector should always be seen as a medium- to long-term activity.”

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One Comment

  1. Bless You

    Been strange hasn’t it. Armeggedon on the news, while agents were forced back to work.
     
    Sheer luck some staff haven’t been killed by the virus.
     
    Govt didn’t beat the virus either as didnt really lock down hard enough. Its still here.  

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