Member Article

Property market back on track as estate agents return to work

Cygnet Law in Redcar has noticed the property market behaving positively since trading restrictions on estate agents were lifted on 13 May.

Gemma Brooke, director and head of conveyancing, wills and probate at the firm has observed several new instructions being received by the firm in recent weeks.

This trend appears to be nationwide, with property website Rightmove experiencing it’s most visits in one day on 27 May, when six million people logged on, up 18 percent from the same time in 2019. It also received a record number of enquiries about available properties.

Gemma Brooke said: “I know that people have been very worried about the property market and house prices, particularly those looking to sell in the near future, but I think this is great news.

Vicci McGee, conveyancing executive at Cygnet Law added “We’re seeing a number of clients raring to get going with their move. For the ones we were working with before the lockdown restrictions, the team and I carried on doing what we could to keep things moving, so that as soon as it was possible, they could progress to the next stage.

“The lockdown has also given people time to think and browse sites like Rightmove, so it’s unsurprising they’ve had a busy period and that we’re seeing more instructions come in.

“I’m incredibly pleased that the market seems to be experiencing an upswing after a couple of quieter months. It almost feels like it’s back to normal, which is incredibly comforting.”

This was posted in Bdaily's Members' News section by News Gathering .