Changing Buyer Demand After COVID-19

Mon 03 Aug 2020

No matter what move you wish to make in the housing market, you want to make an informed decision. ADM Residential is pleased to say we have assisted many buyers and vendors in and around Huddersfield.

With the housing market re-open in England, there has been considerable activity amongst buyers and vendors. There are many reasons why people are active after the lockdown period, and it is interesting to note there has been a shift in buyer demand.

Zoopla and Rightmove, the leading online property portals in the country, have provided survey statistics indicating a shift in priorities for buyers. Outdoor space and gardens have always been important for buyers, but they are even more important now.

We are following the latest research, ensuring you receive up to date guidance about how the market is performing. If you are interested in the changing nature of buyer demand after COVID-19, stay in touch with ADM Residential.

Dataloft figures indicate buyer demand is evolving because of COVID-19

Iain McKenzie is the CEO of The Guild of Property Professionals. His organisation believes buyer behaviour has already shifted in the market because of the COVID-19 pandemic.

McKenzie states; “COVID-19 has prompted many people to re-evaluate their ideal home. Now, more than ever, buyers are looking for homes with easy access to outdoor space, and it is highly likely that we will see the importance of such space increase. Currently, only 66% of flats have access to private outside space, compared to 97% of houses.”

He continued by saying; “Data reveals that there is already a £2,500 price premium for homes within 100 metres of green space when compared with homes 500 metres away. As the value and demand for homes with access to green space increases, we could see a shift in building design moving forward.”

What impact will remote working have on buyer demand?

There has been an increase in buyers looking for homes with more space, homes with better office space, and it appears as though some buyers are re-evaluating the need for a home in a good commuter area. There is a strong chance remote working will remain popular across the country, and this will influence buyer behaviour in the housing market.

McKenzie also said; “The lockdown has also proven to many sceptics that working from home is viable, and even convenient. Before COVID-19, only 5% of people mainly worked from home, and less than 30% had ever worked from home. I don’t expect the end of offices, as many people will miss them, along with the interaction and social benefits. However, working from home could become more common and with it, the relative importance of commute times, broadband speeds and space for a home office.”

If you are selling your Huddersfield home, contact ADM Residential today. You can book a valuation or just chat about how we make a difference in selling your home. Of all the estate agents Huddersfield vendors can call on, we like to think we make a difference in selling local homes.