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What the second lockdown means for the property market | Insight from leading estate agents in Newcastle 

Estate agents in Newcastle | An insider’s take on the current market

What do estate agents in Newcastle think about the second lockdown’s effect on the property market? As the second UK-wide lockdown comes into effect here’s the lowdown. The property market remains positive with SSTC (Sold Subject to Contract) reaching its highest rate in 2020 at 72,245.

Although withdrawals and fall-throughs remain high at 14,000 and 6,000 respectively, new properties coming to market remains above 57,000. This is positive news for buyers, sellers and estate agents in Newcastle.

The second national lockdown will come with challenges. But we expect it to be one of the key drivers for the market moving into 2021. People are likely to reconsider their living situation as they return to homeworking. This may lead to increased properties on the market with that ever-desired office space.

However, the high level of activity also comes with issues of bottlenecks as significant numbers of buyers face increasing completion times. With this comes concerns that many buyers may miss out on stamp duty cuts.

Many estate agents in Newcastle are facing difficulties managing a backlog of transactions. There are also problems with sales progressions which are for the most part out of their hands.

Here at Seven Keys we’re committed to putting our clients first, ensuring we do everything we can to keep things on track.

Communication with our clients has been central to our work throughout the COVID-19 crisis. Our priority is building trust between our estate agents in Newcastle and our clients which is why we explain the reality of buying and selling during these times of uncertainty.

Who are Seven Keys? Estate Agents in Newcastle

Seven Keys is one of the leading estate agents in Newcastle.

As a family-run company, we offer our clients a personal touch. We understand all buyers, sellers and landlord have different goals and priorities.

Seven Keys was founded by managing director, Ross Parker and runs the company alongside his brother Ryan and sister, Chelsey.

Ross holds an NFoPP Level 3 Award in Sale and Residential Property and with ten years in the industry, understands the needs of Seven Keys’ clients.

We believe that the equity of your property is yours, which is why we don’t charge the large costs that you’ll find at high street agents, passing the savings onto you.

What services do we offer?

Mortgage services

Whether you are buying or selling, Seven Keys offers free mortgage consultations with an expert adviser to make sure you get the best deal possible.

There are a variety of cheaper mortgage deals on the market however these often come with overpriced fees which make lead to higher long-term costs. Speaking with one of our specialists help you find a deal that works for you.

Conveyancing 

We’ll provide you with a quote for the cost of your conveyancing to help you in the budgeting process and refer you onto our network of trusted solicitors.

Additional services from Seven Keys

In addition to our basic and premium packages, we provide several optional extras including professional video tours, accompanied viewings and energy performance certificate.

Get in touch with our friendly team of estate agents in Newcastle today to learn more about how we can help you buy, sell or let your property.

Call us on 0191 497 1797 or email info@sevenkeys.co.uk

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