Housing market activity buoyant in January

first_imgHome » News » Housing Market » Housing market activity buoyant in January previous nextHousing MarketHousing market activity buoyant in JanuaryViewing requests for residential sales and lettings soared last month.The Negotiator17th February 20160565 Views The New Year has proved to be a catalyst for house-hunters looking to buy or rent property, new data suggests.Moneypenny reports that there was a significant rise in the volume of calls to estate and letting agents to request property viewings in January.The telephone answering specialist reported that there was a 70.8 per cent increase in the volume of calls handled last month compared with December, while there was also a marked increase on the corresponding period last year when the average calls concerning viewing requests saw a 32.5 per cent spike.In particular, viewing requests for residential sales rose by 77.6 per cent and by 57.2 per cent for lettings.Samantha Jones, Moneypenny’s Commercial Manager – Corporate and Property, commented, “We typically see a rise in viewing requests in January, but this year we anticipated that figure would increase. With major advertising campaigns run by portals like Rightmove and Zoopla over the Christmas period, as well as the April 1st Stamp Duty deadline looming, there have been a number of factors that could have potentially acted as a catalyst for those looking to buy.”The sharp increase in activity witnessed by Moneypenny reflects recent figures from Rightmove which reported its busiest ever month in January.More than 127 million people visited Rightmove last month, up almost 20 per cent compared to the corresponding month last year, and surpassing the previous record of 118 million set last August.The rise in visits helped to ensure that email and phone enquiries to agents and developers hit a new record of over 4.9 million, up 15 per cent year-on-year.Rightmove Director, Miles Shipside (right), said, “Moneypenny’s increase in viewing requests is mirrored by the records that were set on Rightmove for both traffic and leads to agents in January. Potential buyers and investors hit the ground running after the festive break, resulting in a record number of over 4.9 million phone and email leads being sent from Rightmove, setting up a very busy next few months for many agents.”housing market activity housing market rise in activity Moneypenny property market residential sales and lettings February 17, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021last_img

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