The demand for property is as strong as ever The demand for property is as strong as ever

The demand for property is as strong as ever

Market Update| Published in Market Insights on 24 March 2021 by our Marketing Team

What effect has the stamp duty extension and vaccine rollout had on the property market? Well at Pygott & Crone we’ve seen a progressive increase in activity and strong transactions through the first quarter of 2021, which has highlighted the fact that demand is outstripping supply across Lincolnshire and the East Midlands.

Staff in our High Street branches have reported many sales where they have had multiple offers on a single property which then went to “best and final offers”. With our effective marketing and high standards of service, this has resulted in excellent sale prices being achieved for our vendors. We have sold in excess of 200 properties sold STC in March which is pleasing; our staff have performed well for our clients, and demonstrated that the new systems and procedures that have been put in place since mid-2020 are effective. A year has now passed since the original lockdown and we’ve remained open and available as much as possible throughout this time, always working to the latest government guidelines.

It seems likely that the motivation for moving home has increased with the continuing good news of the vaccine rollout and the effects it has had on the Covid statistics we are all so familiar with. The government’s roadmap out of lockdown is understandably cautious but at least it has given people more clarity, and therefore confidence. As for the effect on the market when the stamp duty threshold reverts to its pre-Covid level, we won’t be dusting off our crystal ball just yet.

More properties needed to satisfy demand

As ever, we need more properties to go on the market to help meet this demand. Whilst we are seeing an increase in motivated sellers coming to the market, many of these properties are selling to our registered qualified buyers, before the properties are even marketed online. We’re seeing other properties sell on the first day of marketing. With demand being so high at present, our negotiators are busy matching new properties to our large database of fully qualified buyers in advance – this is not something that every estate agent does. The vast majority of our buyers are registered with Pygott Plus, our online portal, meaning they can be notified of new properties much faster, and in turn, our negotiators can find suitable properties for them more efficiently.

If you are thinking of selling your property, you should really consider using Pygott & Crone, as the leading independent estate agent in Lincolnshire. The best way to get started is to arrange a free valuation. You can book your appointment online and choose the date and time of your choice – the system checks our availability in real time, meaning that your appointment is confirmed immediately. We cover all areas of Lincolnshire – including Gainsborough – as well as some areas of the East Midlands. Just put your postcode in, it takes a few minutes to arrange this online. In return you’ll receive a full market appraisal from one of our highly trained and experienced valuers. Have a look at our latest service brochure for full details.

At Pygott & Crone we’re always here for you, and ready to provide a first rate service; we look forward to welcoming you back into branch as soon as the guidelines allow, in the meantime you can contact us by phone, email, or live chat 24/7.

Meet our team of valuers – book your valuation online today

If you would prefer to chat about your property, give us a call on 0800 9177 404 and one of our team will be pleased to assist you. To arrange a full valuation please book your appointment online, at a time convenient to you.

For more company news and insights from Pygott & Crone, click here

Members of the Relocation Agent Network

Part of a network of agents

We work with other trusted estate agents across the nation

Latest news

Help us make a difference to those in need this Christmas
Campaigns | 21 November 2022

Help us make a difference to those in need this Christmas

Donations for our local food banks are being gratefully received at your local Pygott & Crone branch

Is home staging worth it?
Magazine | 1 November 2022

Is home staging worth it?

Home staging is a specialised skill which involves creating the perfect atmosphere in your home using furniture and accessories, plants and lighting, to garner buyer interest for your property and sell it faster, for the best price.

Winterproof your home with these tips
Magazine | 1 November 2022

Winterproof your home with these tips

As autumn leaves us and dark evenings approach, now is the best time to start preparing your home for the cold months ahead.

One in three properties receive an offer one hour after viewing
Magazine | 1 November 2022

One in three properties receive an offer one hour after viewing

The housing market once again exceeds expectations after a poor reception from the chancellor’s mini-budget and regular talk of a possible slowdown, as current research suggests that in 2022, almost a third (31%) of properties are now receiving offers within an hour, compared to a mere 7% in 2018.

Chat live

Chat live with a member of staff

Please provide your name and email address to continue.

Cookies

We use some essential cookies to make our website work; and we use some other cookies to help us improve our website without identifying you. You can accept all cookies or change your settings below.

For an explanation of cookies and how we use them, see our cookie policy here (opens in new tab). Below you can choose to enable non-essential cookies.

These are anonymous and help us understand how our website is used.