Buyers Still Want to Buy but Not Necessarily in City Centres

May 4, 2020
Share this Post: 

New data on property hunter intentions has been scarce since the beginning of the global pandemic in March, but new data released by Rightmove suggests that those people who were planning to move home before, still plan to do so.

40% said they were going ahead with a move as planned, and 54% said they had postponed their move for now but would carry on as planned when possible. The data released on Rightmove’s website is based on answers from attendees of the portal giant’s Q&A session for home hunters, who we can assume are a motivated bunch anyway, and should be taken with a pinch of salt. It is though an encouraging sign for property professionals that there is still optimism in the market.

The other finding of note was that, in line with trends seen earlier in the pandemic, respondees signalled a desire to move away from crowded city centres to more spacious surroundings. This is something that was upheld by anecdotal evidence from agents questioned as well. 

As governments around the world report that the worst is over, there appears to be an air of spring optimism for the property market (in the United Kingdom at least) despite the serious circumstances.

May 4, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Supercasa Tiles Background Portugal
New Challenger Supercasa.pt Launches in Portugal

Portuguese home hunters now have a new property portal to help them on their journey with the launch of Supercasa.pt....

Read More
Proptech Group Results Generic
PropTech Group Shows Impressive Growth in Q1 Figures

The ASX-listed property technology group The PropTech Group has released figures for Q1 of its FY22 operations. Headline figures from...

Read More
Bien Ici Paris
Bien’ici Debuts New Elixir Property Platform

French property portal Bien’ici has launched a technology platform focused on sales of new property projects. Elixir aims to provide...

Read More
Funda
Dutch Portal Funda Acquires Commercial Player RealNext

Dutch commercial property platform RealNext has been acquired by NVM in a move that will see its assets incorporated into...

Read More

Popular News