While the past 18 months have seen many sectors devastated by Covid-19, the property market has boomed. Between pandemic-related lifestyle changes and the stamp duty holiday, demand has outstripped supply, leaving even the most informed movers scrabbling to make sense of an intensely competitive marketplace.
“Despite the economic crisis, activity in the housing market has been remarkable,” says Aneisha Beveridge, head of research at Hamptons. “There isn’t a lot of choice, so homes are selling incredibly quickly, in a historic low of around 22 days. What’s more, a record-breaking 38% of UK homes are currently subject to bidding wars.”