Let us be your eyes – how has Covid-19 impacted the property market?

As the lockdown continues to ease across London and the rest of the country, the question is slowly getting answered: how has the lockdown affected the market?

We are able see some of the effects now that normal life is resuming. Multiple estate agency websites have been recording higher levels of traffic to their site (above the usual figures for this time last year). Furthermore, waves of viewings have been crashing into properties on the market as lockdown restrictions lift.

This in turn has indicated that property prices may not dip but potentially increase where the places are equipped for home-working, plus, located away from the busy hustle and bustle of cities and towns. As viewings are increasingly prioritised for these types of properties, it seems likely.

To assist with these viewings, video viewings have been in operation and will continue to be for some time as this pandemic reaches some type of conclusion. Many companies have explored avenues from video calling, to the more high-tech virtual tours.

Virtual property viewings: is this how we buy houses during the ...

We at Gore have been more than happy to be the eyes in the skies for potential and current owners as we are able to use video technology to showcase properties for landlords when physical visits have not been possible; plus, assisting buyers’ research for their new home if they are unable to currently enter the country due to quarantine restrictions.

Adapting to the current climate with the accommodation of new technological innovations really is key, not just for the management of homes, but to assist with all avenues of client service across the entire spectrum of industry sectors. Stubbornness towards change is a recipe for disaster for any business. Let’s all accustom ourselves to this “new normal” of working life, drive up profits and kick-start our economy again.

To find out more about our services please email us at info@gorepropertymanagement.com

Stay safe!

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