Housing Market Demand is Up in Lockdown2
In this short article we take a quick look at the the increased demand for property during Lockdown2
- The Dataloft Demand Index shows a +14% increase in housing market demand since the start of Lockdown 2. More time at home means more time spent browsing properties.
- Demand dropped from 5th October, reflecting uncertainty in the new Tier system and the looming Lockdown 2 announcement.
- Buyers jumped back into action following the start of Lockdown 2, and demand is now only -10% below the peak seen the week commencing 17th August.
- With just over 4 months of the stamp duty holiday left, buyers should act now if they want to take advantage of stamp duty savings of up to £15,000. Source: Dataloft Demand Index, based on visits to agents’ sites displaying the Dataloft Inform widget each week.