How The Pandemic Impacted The Housing Market

Posted on: 16 February 2021

How the pandemic impacted the housing market

It would be somewhat of an understatement to say that the pandemic led to confusion and uncertainty for businesses last year.


The property market went through a lot in 2020, with huge repercussions on the way in which people now buy, sell, let and rent.

Not only did the various stages of buying and selling change, but we saw a massive U-turn in the way that the population thought about their homes, with Santander releasing data in September on record numbers of homeowners applying for loans to increase space and renovate.


More buyers were searching for bigger properties, including for larger family homes and increased outdoor space.


Something else that changed over the last 12 months – according to Editor of Luxury Daily, Alam Khan – is the way that affluent buyers are approaching the market; not only in how it will look but where they want it to be.

Prior to the pandemic, many high-powered business owners and working professionals would choose to live in their primary residence closer to the office.


However, many people have found remote working easier than anticipated, with companies able to save money and likely to close their physical premises completely.

It is safe to say that – overall – the pandemic has impacted the property market for the better.


Are you looking to move this year to better suit your working situation or lifestyle?


Browse our properties or speak to our local team for a valuation of your home. 


Recent Articles

4 March 2021

Economy Set To Bounce Back By Mid 2022

The economy is set to bounce back to pre-pandemic levels by the middle of 2022, with the furlough scheme extended until the end of September. The Stamp Duty Holiday, has been extended to the end of June with 0% taxation payable on main residences up to £250,000 until the end of September,...

1 March 2021

Highest Level Of Sales In January In 14 Years

An estimated 121,640 transactions completed in January, the highest January total since 2007 and a 24.1% increase on 2020, as the surge in property sales continues. Excluding 2020, current monthly sales volumes are 21% above the 5-year and 32% above the 10-year average, with predictions that up...

1 March 2021

Daffodils & Dragons

St David's Day, 1 March celebrates the patron Saint of Wales, Wales home to over 3 million people, 4.7% of the UK population (ONS). Dragons, daffodils and leeks are the symbols most closely associated with Wales, over 800 property transactions recorded on homes or streets bearing these names,...

semi circle instant online valuation

Get an instant online valuation

Find out how much your property is worth