How Covid-19 Changed the Property Market in Bromley and the South-East (1min)

Property

According to a BBC report based on data from a property portal the Covid-19 induced lockdown is changing people’s priorities with property. We have seen lots of trends alter, when buying or renting a new home.

Indoor and outdoor space has always been a big draw for home searchers, but it’s top of most people’s lists now. The new-found ability to work remotely means buyers can look further afield.

The findings also highlight due to the rise in home working, having a spare room which can be used as an office or work out area, is increasingly popular. As is good wi-fi, a pet-friendly home and having parks or a natural environment nearby.

Number two on buyers or tenants wish list is to have a garden. With many of the 4000 potential movers surveyed saying it was what they desired most.

Flats have dropped out of the top five wanted list for buyers according to research based on the number of enquiries per property of each type.

May was the sunniest UK calendar month on record according to the Met Office.

It’s possible the good weather played a part in another trend the article covered – a rise in demand for properties in coastal areas.

Here is a list of the most significant changes in home searchers desires:

  1. Access to a garden
  2. A bigger home
  3. Access to a garage
  4. A better home workspace
  5. Live closer to parks
  6. A pet-friendly home

Edward Ashdale have over 20 years of experience in the property market.

We have seen it all. The ups and downs and observed the changing trends and priorities of sellers and buyers over those years.

If you are thinking of a move, we can be available to provide professional opinion on how best to make this happen and help you boldly go where you haven’t gone before.

Thanks for reading.

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