Estate agents in Northern Ireland have reported record viewing numbers and sales since the reopening of the housing market in May.
The Northern Ireland housing market was put on hold during the Coronavirus lockdown. However, after a three month pause, it seems that the demand for property is on the rise.
New practices have been introduced to keep both potential clients and estate agents safe, including virtual viewings, valuations carried out using PPE and new regulations during physical viewings of a property.
Many individuals have been working from home over the last number of months. Due to the changes in working environments, estate agents have been experiencing a huge demand for properties that have room to create an office space as remote working is going to be the norm moving forward.
Also, with many holidays being cancelled and children stuck at home, there has been a high demand for properties with an outdoor garden area, to help keep both kids and parents entertained during these unprecedented times.
Art O’Hagan, Managing Director of estate agency CPS, has had a “a very buoyant four weeks”.
“We’ve seen lots of sales and genuine buyers looking to move so the pent-up demand has certainly been there,” he said.
“Anything we have with larger gardens, semi-rural locations and improved Wi-Fi quality for those continuing to work from home has got between five and ten percent above market value.
“We have had 92 sales agreed to date and over 100 viewings in the diary for this coming week.”
“In comparison to the same months of trading last year we have seen an increase in sales across the months of June and July, with a 17% increase in sales for the month of June and a 23% Increase in Sales for the month of July”