In a much needed piece of good news for the business community, the south-eastern estate agency, Robinson Jackson, has announced that their sales figures for the weeks after lockdown were their highest ever for that period.
After months of frustration as the property market, much like the majority of the UK, ground to a halt following the government’s response to the Covid-19 outbreak, it was a huge relief for everyone at Robinson Jackson to see business resume with such force.
‘I cannot comment on the performance of other estate agents,’ said senior partner Vince Hedges, ‘but more homes went under offer for Robinson Jackson customers in the weeks following Lockdown than the same period, at the peak of the property market, in 2016. Given the circumstances, it has been so rewarding to call customers and say, ‘we’ve just sold your property’.’
When asked about what this might mean for the property market at large, Hedges said, ‘There has been speculation on the news that house prices are falling, however, there has been little or no change.
‘Many factors influence house prices, the greatest being supply and demand. The number of people looking to buy vastly outweighs the number of properties on the market as we continue to have a housing shortage in the UK. Decent prices are currently being achieved for local properties. Therefore, I would suggest any speculation of a fall in prices should not influence your intention to move.
‘The recent announcement regarding Stamp Duty exceptions on purchases up to £500,000 is already stimulating the market further. I can see this being a fantastic window of opportunity for sellers and buyers alike.’
Robinson Jackson, which values over 10,000 properties a year in London and Kent, was founded in 1993 by Alan Robinson and Pete Jackson who had worked together for the previous twenty-five years.