Busiest day ever!! Market update.

1 June 2020 by Paul Hubbard

  • Rightmove recorded their busiest ever day on Wednesday 27th May, surpassing six million visits for the first time and up 18% on the same Wednesday in May last year
  • Search is turning into action with record levels of email and telephone leads sent via Rightmove, also up 18% on the same day last year
  • Over a quarter of people (28%) who were not planning a move before lockdown are now entering the market
  • Some coastal areas are seeing the biggest jump in interest, potentially due to the optomistic future for holiday destinations in England.

We have really notice the high volume of new instructions and sales here, listing an incredible 12 new properties this weekend! We feel that Lowestoft and nearby areas will be performing above average as its been an undervalued area for a while.

The biggest thing we have noticed is the amount of first time buyers and investors around, who are looking to make the most of the incredibly low interest rates. These fuel the bottom end of the market and has a positive knock on affect to the whole market. Great news all round on the property front.