How Covid-19 Changed the Property Market in CHICHESTER

In this 2-minute read, we unveil how Covid-19 has changed people’s property priorities.

Space may well have been the final frontier for the crew of the Starship Enterprise in Star Trek, but it’s also made the news recently much closer to home.

According to a BBC report based on data from Rightmove the Covid-19 induced lockdown has changed people’s priorities when it comes to buying or renting a new home.

Indoor and outdoor space has always been a big draw for home searchers. But it’s now top of most people’s lists as the article suggests.

These new desires may end up being temporary, but they do make for interesting reading.

The findings also highlight that due to the rise in home working, having a spare room which can be used as an office or workout area, is increasingly popular with property seekers.
As is good wi-fi, a pet-friendly home and having parks or a natural environment nearby.

Number two on the buyers wish list is having a garden. With many of the 4000 potential movers surveyed saying it was what they desired most from a home.

Flats have dropped out of the top five wanted list for buyers according to Rightmove’s research based on the number of enquiries per property of each type.

Record-Breaking Weather

May was the sunniest UK calendar month on record according to the Met Office. And it’s possible that all that good weather played a part in another trend the article covered – a rise in demand for properties in coastal areas.

Here’s a list of the most significant changes in home searchers desires:

• Access to a garden
• A bigger home
• Access to a garage
• A better home workspace
• Live closer to parks
• A pet-friendly home

At PMS Lettings & Sales we have over 30 years of experience working within the Chichester and surrounding area property markets.  We’ve seen its ups and downs and observed the changing trends and priorities of sellers and buyers over the years.  So, if it’s a new home and space you’re looking for we’ll help you boldly go where you haven’t gone before.

Thanks for reading.