25th August 2020
Why the Chester property market is having a post-lockdown bounce
Chester property market post lockdown
While many sectors are slowly recovering from 2020’s lockdown, the Chester property market post lockdown and around the UK has seen an extraordinary bounce back to health. Both buyers and sellers in Chester can expect to feel the positive effects of this bounce for months to come.
Here are some of the headlines for the Chester property market in 2020.
The best month for property sales in a decade
You read that right. The property market is currently seeing record levels of property buying and selling, a trend that looks set to continue. During July of 2020 alone, according to data from Rightmove, property sales worth a whopping £37 billion were agreed across the UK.
Not only is that a 38% increase on 2019’s July sales, but it’s also 20% higher than the current high, recorded in 2017.
Whether you’re searching or selling in the Chester area, there literally hasn’t been a better time to scoop up your dream home or ensure a successful sale.
More properties coming on the market
Chester homebuyers can also reap the benefits of a record number of properties coming to market, giving you the choice of lots more excellent homes.
The nationwide trend has shown a 44% increase on properties coming to market, compared to 2019, and a new 12-year record high.
House value continues to rise
In addition to that, sellers can expect to receive strong property valuations. Regions around the UK have recorded all-time highs for new seller asking prices, and house prices in Chester and Cheshire are appreciating well.
Alex Horne, our Senior Valuer at Matthews says: “It’s truly a remarkable time for both buyers and sellers here in Chester. The property market has bounced back incredibly well and we’re excited to help buyers find their perfect homes, and property owners secure successful sales.”
We’ve been helping the people of Chester come home to their perfect property for more than thirty years. Whether you’re looking to buy or sell, speak to our friendly team today to see how we can help you. Read more about UK Property Investment News.