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Given political uncertainty has been cited as a key factor in the slow-moving nature of the property market in recent times, it is no surprise to see there has been a surge in home enquiries at the start of 2020. Whatever you think of the Government, they hold a sizable majority, and this should ensure there is political stability in then future. Brexit is still likely to be an influencing factor, and the March Budget will shape buyer behaviour, but there is more stability now than there was before.

We are now into February 2020 and Brexit Day has arisen. More than three and a half years have passed since the UK public voted to exit the European Union. In the intervening period, the housing market has stalled, and the political uncertainty has been cited as a major factor.

Statistics may be boring for some people, but they are vital in many industries. The housing market pays close attention to figures, and how current performances match up with previous periods. There is a hope that by analysing what is happening now and what has happened in the past, it becomes easier to predict what will happen in the future.

Recent figures provided by Rightmove suggest a rise in the price of homes coming on to the market. It is vital vendors set an appropriate price for properties coming on to the property market, because if they fail to do so, they run the risk of not connecting with potential buyers. Setting too high a price can limit the number of likely buyers, and setting too low a price can generate interest, but lowers the amount of money the vendor receives.

In the property market, as with life, confidence is everything. When there is confidence in the market, buyers and vendors are more likely to be active in the property market. Therefore, the recent survey carried out by Zoopla, which leaves the organisation stating market confidence is at a three-year high is positive news for everyone.

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