Home Buying Enquiries Surged After Election

News at Household | 25/01/2020

A lot has been said about an increase in buyer demand for homes after the 2019 General Election, but there is evidence to back these claims up. A telephone answering and live chat service provider Moneypenny, have issued figures indicating the increases in their service relating to the property market.

Moneypenny have said they experienced a 22% increase in phone calls requesting property valuations, a 30% rise in calls to arrange a property viewing and a 9% increase in calls to make an offer on property. This occurred in the week after the General Election and the figures are compared with the December 2018 figures.

Live chat options are great for many people looking to buy a home

Live chat is becoming an increasingly common way for people to engage firms, and it seems as though there was an increase in live chat related property market enquiries too. There was a 17% spike in love chats relating to property valuations and there was a 16% increase in requesting a viewing.

It is not as though this is the only company who are highlighting an increase in buyer activity. Leading names such as Zoopla and Propertymark are citing increased buyer demand, but this sort of data is useful as it comes from a source outside the property market.

More people are engaging the property market

Joanne Tattum, Channel Manager – Property at Moneypenny, believes the data is a positive sign for the year ahead, commenting: “The General Election result brought a year of political and economic uncertainty to an end, which in turn helped to improve the confidence of house-buyers and encouraged them to put their plans into action. Unusual and unexpected spikes in enquiries such as this can often leave estate and letting agents overwhelmed as a result of inadequate resource, which in turn can lead to the loss of valuable business and a damaged reputation. By investing in outsourced support, property agents can cover all bases and rest assured that every lead is captured – no matter what new challenges the market presents.”

Joanne continued by saying; “This ‘Boris Bounce’ has provided a real boost to estate and letting agent enquiries across both traditional and digital channels and we expect to see this flurry of extra activity continue well into 2020.”

We have experienced buyers getting in touch

While it is pleasing to note there have been significant rises across the country, we have also seen a rise in demand for homes in the local area. We are keen to support buyers and vendors, and our local knowledge is essential in making sure people make an informed decision in the property market.

If you plan on selling your home, we can arrange a valuation for you. At Household, we aim to connect you with likely buyers, and we can help you find what buyers need. When it comes to selling your home in Toddington and Dunstable, we are your local agents, so contact us today.