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Property market “buzzing” as exceptional demand sustains into August

Exceptional levels of demand for estate agency services were maintained in the past week, although new enquiry levels cooled slightly from the July peaks that had sent agents scurrying in all directions to secure new business after months of coronavirus lockdown, the latest data from the Yomdel Property Sentiment Tracker (YPST) shows.

New vendor and buyer demand remained at 96% and 84%, respectively, above the same week in 2019, while landlords were also 39% above a year earlier. Despite new regional and localised COVID-19 restrictions being imposed in some areas in England, consumer sentiment remained strong, 

Yomdel stated: “For the week ending 2 August, estate agency website traffic remained extremely high, at 29% above the 62-week pre-COVID-19 average, while the numbers of people using live chat on estate agent websites were 80% above the pre-COVID-19 average, and lead volumes overall were up 111% in the same period indicating a fundamental shift in consumer behaviour and how people wish to contact estate agents online in real time.”

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