Herefordshire Property Market Update June 2020

Hi, I’m Nathan from Jackson Property, here with my latest market update for June 2020 review

June was the first full month since lockdown was lifted on the housing market in England. New Instructions were plenty across the board, surpassing those of June 2019. This was great to see considering the recent hard times throughout the Herefordshire floods and Covid19 damage.

Our 2 local Branches of Hereford & Leominster acheived great numbers, with 38 properties hitting the market, achieving 42 sales in the HR1, HR2, HR3, HR4 and HR6 regions

Rightmove have recently announced that Herefordshire has the biggest increase in demand for property across England, along with the fact that there is a 61% uplift in Online activity.

Here are are the full stats and breakdown for the postcode sectors HR1, HR2, HR3, HR4 and HR6

So what's does this mean and whats going to happen?
Ourselves and the economists are watching the market closely, there have been significant changes in the mortgage market, with an upcoming change in the Help to Buy Mortgage market aswell. The media are speculating and putting pressure on the Chancellor to introduce a stamp duty holiday or raise the stamp duty threshold along with changing VAT in certain sectors. But right now, things are good, property sales are strong across the country considering the outbreak and limits on viewing houses, so we at this stage are continuing to push properties to the widest audiences and acheive sales for our clients, whatever reasons they have.

Your agent should be doing all they can with marketing, especially video tours and sponsored social media adverts. To view our proeprty tours CLICK HERE

If you are struggling with your agent, then please give me a call and I will be happy to help and advise where I can.

I look forward to giving you an update on the July market in early August