The easing of lockdown restrictions sparked record surges in new enquires from vendors, buyers, landlords and tenants, and while this has continued for months new business enquiries generally remain buoyant but are generally settling towards levels normally seen at this time of year, although the past week saw strong growth again, according to the latest Yomdel Property Sentiment Tracker.
New lockdown restrictions in England seem to have acted as a catalyst for increased activity once more. Estate agent website visitor volumes were 37% higher than the same week last year.
In addition, the proportion of people choosing to engage via live chat on estate agent websites is 37% higher and the volume of leads captured is 52% higher compared to last year. Vendor enquiries are 48% higher than the same week 2019.
Highlights (versus previous week):
All trends remain unseasonably high
New Vendor enquiries: UP 5% (Last week DOWN 7%) (+12% ABOVE AVERAGE)
New buyer enquiries: UP 16% (Last week DOWN 2%) (+22%% ABOVE AVERAGE)
New landlord enquiries: UP 22% (Last week DOWN 31%) (-3% BELOW AVERAGE)
New tenant enquiries: DOWN 0.2% (Last week DOWN 6%) (+2% ABOVE AVERAGE)
Traffic to estate agent websites were 25% above the average, and 37% above the same week last year.