We read with interest an article by Zoopla reflecting on the last month under Covid-19.
The key elements are:
- Day-to-day, property listings are holding steady, as sellers adopt a ‘wait-and-see’ approach (homes for sale per estate agent is only 1% lower now than on 7 March)
- Online audience time continues to skyrocket
- After an initial decline in early March, browsing behaviour has stabilised and is peaking in new areas
- An upsurge of 215% in virtual viewings of new-build
Andy Marshall, Chief Commercial Officer says:
"... we anticipate that online and virtual tours are quickly becoming the new normal. Online viewings afford convenience and flexibility."
Click here to read more.
Outlook Zoopla are using the growing body of coronavirus market data - and combining it with their knowledge of past economic shocks - to build a detailed picture of when and how the market will recover. Their recent analysis suggests prices may hold firm, on a foundation of government moves to stabilise incomes and shore up job security.
Do you agree with Zoopla's outlook? Let us know at firstname.lastname@example.org