With pent-up demand after lockdown and news of a Covid-19 vaccine, the UK property market should expect a promising start in 2021, according to leading property developer GRE Assets. 

 

With offices in the UK, Spain and the Middle East, GRE Assets has an international perspective of the impact the global Covid-19 crisis has had on the UK property market. 

 

"As 2020 draws to a close, the market is showing continued growth with interest from both buyers and renters in new-build developments located in towns and cities undergoing major regeneration. This trend directly aligns with our criteria for identifying investment locations which offer affordability, transport connections and ongoing regeneration, as seen in our Ashford and Peterborough projects," stated Michael El Kassir, the Managing Director of GRE Assets.

 

"With the imposed lockdown restrictions meaning people have spent much more time at home this year, we believe this has led to a distinct rise in the number of people seriously considering their next property move. Low interest rates, the existing Help to Buy scheme and stamp duty incentives, have also created a sense of urgency," noted El Kassir. 

 

According to him, the pandemic has been a wakeup call for prospective buyers and renters, who have reassessed their priorities when looking for their next home. 

 

Not only are they spurred on to make the leap from London, they also recognise the importance of having access to green space, whether that is nearby parks, balconies, terraces, and gardens, he said. 

 

"The working world has also seen a vast shift, as employees and companies have adapted to working from home. While people will return to the office as the latest restrictions ease, we strongly believe businesses will continue to work flexibly moving forward, meaning adaptable space and connectivity at home is of high importance for new homeowners," he added.-TradeArabia News Service