-- In March 2020, businesses and organisations across the UK were forced to close temporarily to reduce the spread of COVID-19. The property market ground to a halt, but now, there are green shoots of recovery and the team from The Heaton Group is hopeful that the market will recover during the remainder of 2020.
The Coronavirus pandemic turned the world on its head, and property developers and estate agents were worried that uncertainty would loom large when lockdown measures started to ease. Although there were fears that people would be reluctant and fearful to rent or invest in property, members of staff at The Heaton Group have been busier than ever since agencies were given the green light to reopen.
One of the most promising signs of recovery is the surge in demand for rental properties. The lettings team has been inundated with requests to view rental properties. Tenants have had time during the lockdown to assess their current living arrangements and to research areas that might be of interest when relocating. Having stayed at home for months on end, many are now keen to consider moving, which is excellent news for agencies across the North West and the rest of the UK.
In recent weeks, The Heaton Group has also received an influx of calls related to buy-to-let developments and opportunities, with four units in the agency’s newest development, The Bank, Stretford, already snapped up. There has also been a huge amount of interest in other developments since the relaunch of the property market.
Outside of London, figures suggest that the number of offers accepted on UK properties hit an all-time high in the week ending June 6th 2020. The trends indicate that there are signs of growth on top of demand from tenants, investors and aspiring homeowners who were forced to put plans on ice before the COVID-19 lockdown.
Investment opportunities in 2020
There is no doubt that COVID-19 has wreaked havoc across all industries, but there are positive signs that the UK property market is starting to recover. Many people are looking to move and investors are keen to take advantage of rock-bottom interest rates and soaring demand for rental properties. With the Bank of England encouraging and supporting borrowing at the moment and property prices expected to rise in the coming months, now is an excellent time to buy.
About The Heaton Group
The Heaton Group is a development agency based in the North West of England. With over 45 years of experience in the property industry, The Heaton Group works with UK and international clients to facilitate investments and connect investors, buyers and tenants with incredible opportunities. A family-run business, The Heaton Group aims to provide customers with access to the best investments, as well as first-class customer service. Times have been tough in the last few months, but the team is now looking forward to a bright future.
Anyone who wishes to learn more about The Heaton Group is encouraged to make use of the following contact details:
Business name: The Heaton Group
Website: https://www.heatongroup.co.uk/
Press contact name: Dan Akister
Press contact address: 2-4 Wigan Road, Wigan, Greater Manchester
Press contact telephone number: 01942 251945
Press contact email: [email protected]
Contact Info:
Name: Dan Akister
Email: Send Email
Organization: The Heaton Group
Address: 2-4 Wigan Road, Wigan, Greater Manchester
Phone: 01942 251945
Website: https://www.heatongroup.co.uk/
Release ID: 88975421
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