The housing secretary Robert Jenrick has stated that the housing market must “be kept open at this difficult time”. He reiterated commitment to prioritising the residential sector during and beyond the current pandemic.
“I was resolute that the property market needed to be kept open at this difficult time – and it has been offered unique protections, being better supported than almost any other sector of the economy.
“I hope you will see that at all levels of government, there is a recognition that building is one of the most important things we can possibly be doing. To create and sustain jobs, to make housing more affordable for the young and those on lower incomes and to level up by encouraging investment in those parts of the country which have seen too little of it in recent decades and ensuring good quality, safe, and attractive homes are available to all in the United Kingdom.
“We recognise that the market needs to be considered as a complete ecosystem – covering construction, tradespeople – and in the residential property world, estate agents, removal companies, and solicitors.
“People renting and buying can still move. Removal firms and estate agents and lettings agents can still operate. Tradespeople like plumbers and electricians can still enter homes. And, crucially, construction can and should continue.
“Because we know that your industry is an engine of growth – and both the backbone and the beating heart of our economy. We have tried everything we can to keep the sector going. Recent industry trends have highlighted just how resilient the sector has proved in recent months.
“The latest data from the taxman shows that in September, 84,480 homes sales were completed in England.
“This represents an increase of 1.1% when compared to same month in 2019. Month-on-month, house sales are up by 16%, representing a considerable bounce back in transactions compared to more modest improvements last month.
“The home sales pipeline is now 50% bigger than this time last year, with 140,000 more buyers rushing to beat the Chancellor’s stamp duty holiday deadline. And a robust housing market is fuelling a September rebound of the construction sector too."
Here at Tempo our office remains closed to the public, but we continue to value, market, let and sell properties as usual. We are following strict safety protocols to ensure we meet the current government guidance and keep both our customers and staff safe. If you're interested in selling, letting or buying a property simply call 01772 633399 and our friendly team will be happy to help!