Coadjute: Viewings booked up by 188% in the last week

Jessica Bird

May 21, 2020

viewings booked

Coadjute’s Property Market Insights report has found that the UK housing market is showing signs of recovery, with viewings booked up by 188% in the last week.

However, this is still 78% below the peak number of viewings booked before lockdown restrictions began.

The Property Market Insights report, compiled alongside businesses including Dezrez, Legal Marketing Services, MRI Software, Reapit, Redbrick Solutions and Search Acumen, covered approximately 50% of UK estate agents and a material number of conveyancing firms.

Registrations for property sales increased by 76% in the last week, and over a four-week period were up by 89%.

There was an increase in sales enquiries of 38% in the last week.

The number of exchanges saw an increase of 19%, whilst the sales completion figures recorded a modest decline of 8%.

Dan Salmons, CEO at Coadjute, said: “Thanks to the depth of the data provided by our partners in this report, we are getting an unprecedented insight into how the property market in the UK is returning as lockdown eases.

“Coadjute has said for a while that we felt the market was revving with the handbrake on, and now we are seeing the effect of starting to ease it off.

“Whilst we can’t tell what the final speed will be yet, we’re encouraged by the signs we are seeing.”

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