June 2020 Property Market Update
Due to COVID-19, the property market was put on hold from March to May. The government did not permit any person to move house unless it was completely essential. This meant that all transactions were put on hold and all viewings were cancelled.
Since the middle of May we have reopened. There were talks of the property market stalling and a drop in house prices. Fortunately, this has not been the case. We have seen very little reductions and there has been a huge boost to property enquiries.
Rightmove also recorded their busiest ever day for website visits at the end of May. Many people throughout Nottinghamshire are looking to move again and the market is looking extremely positive.
Since reopening, Benwell Daykin have been to conduct free property valuations across the whole of Nottinghamshire. Although we only officially launched in January, we are fast becoming one of the favourite estate agents in Nottingham.
How much is your property worth?
The average property price in Nottingham is currently £157,900, according to Hometrack. Property prices have grown by 4.1 per cent in the last 12 months. This is the biggest growth for property prices across the whole of the UK.
As seen on TV!
Benwell Daykin Estate Agents recently appeared on TV. Our senior valuer, Nick Aston, was featured on BBC East Midlands Today. You can view the news report below.