Home » News » COVID-19 news » Prepare for a ‘summer stampede’ claims Propertymark during BBC report
COVID-19 news

Prepare for a ‘summer stampede’ claims Propertymark during BBC report

Main board member Simon Wilkinson from Buckinghamshire claims members have reported an incredibly busy first few days since the housing market reopened.

Sheila Manchester

propertymark

Propertymark has told agents to expect a ‘summer stampede’ following comments made by a senior leader at the trade body to a BBC news programme.

Simon Wilkinson, who is both a main board director of Propertymark and the owner of Leighton Buzzard estate agents The Wilkinson Partnership, says both his own agency and those of Propertymark members last week witnessed huge pent up demand for homes to buy and rent.

“Talking to the Propertymark agents across the UK yesterday it was incredible the amount of activity being generated. So I do expect something of a summer stampede in the very short term,” he said.

The news report also featured a viewing of an empty newbuild property with both an unnamed agent and prospective buyer Sue Garrett wearing masks and gloves.

But although the footage included a quote from Housing Secretary Robert Jenrick urging agents to ensure doors and windows are opened during viewings, this advice wasn’t being followed during the property visit featured in the TV report.

Wilkinson also told the BBC that his company had seen sales drop by approximately 20% during April, better than the industry average, but said that his estate agency expected the housing market to bounce back, unlike in 2007/8 when it took five years for transaction levels to recover in many parts of the UK.

Watch the clip

 

May 18, 2020

What's your opinion?

Please note: This is a site for professional discussion. Comments will carry your full name and company.

This site uses Akismet to reduce spam. Learn how your comment data is processed.