HOW HAS THE COVID19 PANDEMIC CHANGED BUYER TRENDS?
Much has changed in all of our lives since March 2020 and these ripples continue into the property market. How has a buyer's wish list on a property appeared to have changed since Covid?
Covid-19 has totally changed the way society operated. The property industry was fortunate enough to remain operating throughout most of the past year and a half, and we have noticed that there have been shifts in buyer's requirements.
This is unsurprising as we have all been forced to spend more time at home and away from loved ones. These restrictions appear to have really influenced the thought processes of both buyers and sellers.
Changing motivations:
Moving closer to family – We have all been kept away from families and now, in many cases, people when moving are looking to be closer together.
In instances where our sellers are older, concern from their children about the potential long distance apart means that some are looking to sell up in their local area and move closer to their family located outside of the area.
Increased demand for outside space:
Those living without easy access to outside space (i.e. gardens/balconies) are really now refocussing on properties that have these benefits. This can often mean only looking to move a few roads from where they are now but the ability to have their own external space has shot up the list of requirements.
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If you are thinking of putting your property on the market and would like a free valuation or further advice, get in touch today on 020 8958 1118.