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Independent Property Agents Benefit from Post-Lockdown Boom

October 16, 2020

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Article Summary

Manchester
  • Thanks to pent-up demand during lockdown as well as the stamp duty holiday, year-on-year figures are continuing to go above and beyond those from the same period last year.

  • Figures show that between January and August 2020; independent agents Sold Subject to Contract 42,679 properties. An increase in market share of 0.25%. 

  • Now more than ever; both sellers and buyers want to work with someone they know will guide them safely through their sales or purchase journey.

Ever since the UK’s property market reopened following the coronavirus lockdown, business has been booming. But it’s been better for some property investment companies than others, with recent data showing that the UK’s independent agents have performed better than larger corporate agencies.

Property investment companies are busier than ever

The property market was already busy before the UK went into lockdown. Thanks to pent-up demand during lockdown as well as the stamp duty holiday, year-on-year figures are continuing to go above and beyond those from the same period last year.

This has led to more people putting properties on the market. With the majority asking local independent agents to list their homes.

Independent agents and property investment companies such as North Property Group are now busier than ever and are taking on more instructions this year than last. Corporate agencies on the other hand have witnessed a decline in their new instruction market share.

Independent agencies (property investment companies) sell more

As well as taking on new properties, independent agencies and property investment companies are also selling more too.

Figures show that between January and August 2020; independent agents Sold Subject to Contract 42,679 properties. An increase in market share of 0.25%. 

 

Trust and expertise

It seems that in a time of uncertainty; people are placing more emphasis on working with expert agents they can trust. Vendors are favouring independent local estate agents and property investment companies over large, faceless corporates.

Now more than ever; both sellers and buyers want to work with someone they know will guide them safely through their sales or purchase journey.

Customer-focused relationships

Oli Banks, managing director at independent agent and property investment company North Property Group says, “Being an independent agency means we can work with each client on a one-to-one basis. We pride ourselves in really understanding what our customers want and finding a solution that is perfect for them – whether they are selling a property or looking for somewhere to rent or buy.

“As an independent, it also means we really know our business, so our clients know they’re working with property experts who want to get the best for them.

He went on to say that “North Property Group has been busier than ever since the property market reopened. We’ve seen huge increases in the number of enquiries from buyers and the amount of listings sold and tenanted. It’s certainly a very exciting time for independent agents in the UK.”

What is property investment?

Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Property investments can be owned by individuals or organisations and can be short, long or medium term.

Get in touch

For all of the latest information about Manchester property investments and to start your own property investment journey, contact the experts at North Property Group now.

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