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New lockdown won’t stop housing market boom, says industry chief

NAEA Propertymark Chief Executive Mark Hayward claims buying and selling will continue with gusto despite lockdown.

Nigel Lewis

boris lockdown

After MPs yesterday voted to enact the latest lockdown the industry’s lead trade organisation has said it expects the current boom to continue as viewings and house moves are allowed to continue under the new rules.

Mark Hayward, soon-to-retire Chief Executive of NAEA Propertymark, says Ministers’ decision to allow the housing market to remain open throughout this second lockdown period is “extremely promising”.

“We are optimistic that the current housing boom, triggered by both the re-opening of the housing market in May and subsequent stamp duty holiday, will continue,” he says.

“It is vital that agents continue taking all necessary steps to reduce the spread of coronavirus, working in accordance with government and Propertymark guidelines, so the market can continue moving for the entirety of the second lockdown period.”

MPs voted through the debate with 512 voting for it and 37 opposing the measures including former housing minister Esther McVey. All those opposing were ‘rebel’ Conservative or DUP MPs.

Pain and anxiety

“This is not something that any of us wanted to do,” said the Prime Minister during the debate.

“None of us came into politics to tell people once again to shutter their shops, furlough their staff or stay away from their friends and family. I feel the pain and anxiety that we will all share in the month ahead.”

The government did not avoid criticism during the debate prior to voting through the Health Protection (Coronavirus, Restrictions) (England) (No. 4) Regulations 2020 (S.I., 2020, No. 1200).

The most common compliant, and one that estate agents will fear, is that the government plan to return to a Tiered system after December 2nd even though, as many MPs including Labour leader Keir Starmer pointed out, it hasn’t worked to date.

Read the debate in full.

November 5, 2020

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