Narinder Singh Nijjar, Directors & Co-Founder - The Lettings & Sales Business
“If 2020 has taught us anything, it’s ‘don’t make predictions!’ The only certainty we have going into 2021 is more uncertainty.”
Never has a truer comment been spoken however, I will try and share my thoughts on where I see the property market in 2021.
The property market nearly ground to a halt in the first quarter of 2020 with the effects of the first lockdown and the pandemic having a noticeable impact on the market. From quarter two onwards, pent up demand from buyers and the stamp duty holiday, that began in June 2020, spurred such a market recovery that it took many seasoned observers by surprise. Some agents reported an increase of 25% of sales instructions coming to market. By September of last year, the housing market was at its greatest growth since 2016 and showing no sign of slowing down. This was fantastic for home sellers, buyers and property professionals.
As we en...