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Peter Buckingham of Andrew Granger & Co reviews a roller coaster year in the property market and looks ahead to 2021

Thu 7 January 2021

In the property market, it is unlikely that 2021 will be anything like 2020. But for many 2021 will be a time of reflection, change and fresh opportunities.

 

2020 started with a bang. Brexit had passed an enormous hurdle and the property market responded quickly - but by the end of March, nothing. We were in lockdown. The market ground to a socially distanced trickle and, frankly, many in the property industry wondered if they would survive. But by July we had no time to worry about all that because we had the surprise of our lives. Thousands upon thousands of people were fleeing the major metropolitan areas. They sought a quieter, healthier life in peaceful places with room to breathe, where the countryside or coast was beautiful, and towns and villages were welcoming. They looked for locations like ours.

 

Suddenly we had never been busier, and there didn’t seem to be enough hours in the day. It has been an astonishing summer and autumn. Now things have settled down a bit. But there is still a tremendous job to do getting current sales over the line before the stamp duty holiday comes to its end on 31st March.

 

But buying a property is not all about a tax advantage. It is about new beginnings, about building a home for one’s self or family and it is about investing in the future.

 

With our outstanding NHS and medical scientists putting us well on the road to Covid recovery, we can look forward to a bright and optimistic New Year. Even the Brexit trade talks will have come to one resolution or another. We believe that the property market in our region will remain active through next year with values continuing to rise. Buyers will carry on being attracted by our fantastic way of life, bringing with it opportunities to move on.

 

So, we are looking ahead to an exciting 2021 and wish everyone, especially all our clients – old, new and future - a very happy, prosperous and extremely healthy New Year.  

 

Andrew Granger & Co offer a host of property services across Leicestershire from their offices in Leicester, Loughborough, and Market Harborough. You can find out more and get in touch at www.andrewgranger.co.uk.