One year on: an optimistic outlook
The early weeks of the pandemic saw businesses shut their doors, schools close and life events postponed. Many turned to working from home, while essential workers kept commuting to help protect our friends, families and the country. Like other sectors, the property market temporarily closed its physical doors and adapted to a more virtual way of working.
This dramatic shift prompted worldwide conversations about how and where we live. In turn, this led to an extraordinary demand for prime residential property. And, as we mark the anniversary of the reopening of the housing market on 13 May 2020, those lifestyle drivers continue to shape the market. People are still evaluating what they want from their homes and demand remains high.
What’s clear, however, is that there is no ‘one-size-fits-all’. While many have made their dreams of rural living a reality, some have opted for the best of both worlds – a countryside home and a city pied-à-terre. As life starts to resemble something of a new normal, others are choosing urban city centres to be closer to family or the office. Many more are still searching for their perfect property.
While many have made their dreams of rural living a reality, some have opted for the best of both worlds – a countryside home and a city pied-à-terreJustin Marking, Head of Global Residential
We recognise this is a somewhat sombre anniversary, but the situation is looking brighter. As restaurant, cinema and theatre reservations fill up and streets become more vibrant, towns and cities across the UK are regaining their buzz. While we await international travel to bring them back to their fullest, we remain positive that activity and demand will continue to flourish in the coming months.
Speaking of which, our renowned researchers have been keeping on top of the issues that are shaping the market. So, what’s new for 2021? And what do we predict for property going into 2022? Our latest Prime UK Residential report explores property prices and trends across the UK sales and lettings markets, providing you with the insight to help you make your future property decisions.
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Read the articles within Report: Prime UK Residential – spring/summer 2021 below