Landstones final market update before the end of 2020 is a chance to reflect on a year of extreme upheaval and turmoil in the market place. Many people have faced unprecedented personal and professional struggles throughout the year. 2020 will be remembered as the year of Lockdowns, restrictions and social distance.
2020 has without a shadow of a doubt been the year we have focused on our homes more than ever before. We have seen huge focus on our own personal space with prolonged periods of time passed in our homes. Many people have converted their spare rooms into small offices and many other have moved into new apartments with outside space and areas for educating their children.
Landstones has seen huge surges in applicants during the periods between movement restrictions with much of that excess demand still unsatisfied. Many tenants are looking for properties they know will be suitable should any further restrictions come into effect.
Moving forward into 2021 we are predicting a sharp rise in rental prices as landlords seek to regain any ground lost in 2020. If you have any questions or would like an up-to-date valuation on your property, please do not hesitate to call us.
All the team at Landstones would like to wish you, your family and all of your loved ones a Merry Christmas and a happy and prosperous New Year.