Rightmove reports busiest ever day as pent-up demand is released from lockdown
Portal visits and buyer enquiries have rocketed since the property market re-opened two weeks ago, but "it’s going to take a considerable time for a return to sales agreed levels seen last year and at the start of this year".
What to read next
The property market’s post-lockdown surge ‘has continued into its sixth week’ – but how long will it last?
Knight Frank has just recorded its biggest ever week for offers accepted.
PCL prices prove resilient as demand recovers faster than supply
“It feels remarkably similar to the period that followed the EU referendum,” says Knight Frank's Head of London Residential Research, Tom Bill. "It will take a while for the market to find its feet.
Buyer demand bounced back immediately as the property market reopened
Rightmove points to some big potential changes in the post-pandemic property market, as many people "re-appraise their housing needs".
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