However it has affected us, I should think that most of us are pleased that 2020 is over and that we are moving into a new year. Our economy has been under huge strain, with the Government borrowing like never before to try and provide stability. The Chancellors challenge must now be to balance financial support with providing economic stimulus and managing debt. We would be wise to anticipate some financial pain in the medium term. We start 2021 with proven vaccines and as we see the roll out to the most vulnerable and a plan for mass vaccination, it would appear that our actions will not be so shaped by the pandemic. The vaccine should provide a significant boost to morale and general wellbeing and the basis for a return to some economic normality.
The property market has flourished in a most extraordinary way during the pandemic, with upward pressure on prices and very high transactional volumes. No doubt low interest rates and a stamp duty holiday have played their part in this phenomenon. However, throughout my career I have learned the one thing that stimulates the market more than anything else is sentiment. It’s about how we feel about our future, how we want to live our lives and where we want to live them. And of course the actions of others influence our actions, and help us to justify our decisions, and so many of us have made the decision to move house.Many have pondered if the current market conditions can endure. One significant change in the property market has been the changed desires of buyers. Many people have adapted to home working without impact on productivity, and in doing so created a bit more family time by avoiding the commute. This shifting of working practices has further increased the lure of the countryside. A great many of the properties we market are in rural, but commutable locations, and we’ve certainly seen an increased desire for a rural idyll. The nation’s building sites are now fully operational, and new homes are once again under construction. The sale of new homes does look set to perform well this year. Finally, I hope you, and your family and friends have remained safe and well through this challenging period. I would like to reassure you that we will continue to try and provide an unrivalled customer service experience, whilst prioritising safety. We will always strive to exceed your expectations and I hope we can assist you in some way in the coming year.if you missed the latest edition of Source, you can read it here
